Railway Cybersecurity Market to Witness Growth Acceleration by 2029

The global railway cybersecurity market is anticipated to grow at a considerable CAGR of 9.7% during the forecast period. The market is primarily driven by the key companies operating in the industry. The major market players are increasingly adopting various strategic initiatives such as partnerships, mergers, and acquisitions to stay competitive in the market, which is positively impacting the market growth. For instance, in March 2021, Wabtec acquired Nordco, a North American supplier of new, rebuilt, and used maintenance of way equipment having products such as mobile railcars movers and ultrasonic rail flaw detection technologies. Through this acquisition, the company aims to expand its product portfolio and widen its global presence.

Furthermore, in September 2021, Nozomi Networks signed a partnership agreement with Cervello, to provide end-to-end cybersecurity solutions to the rail industry. This collaboration allows Nozomi Networks to meet the requirements of digital transformation of rail systems globally requiring IoT and cloud-based solutions to improve railway safety, operational efficiency, and reliability, integrating Cervello's railway threat detection with the Nozomi cybersecurity portfolio.

In December 2020, Alstom and ASELSAN collaborated to establish a framework of cooperation and coordination in the field of ETCS Signaling Onboard. The main objective of this collaboration is the establishment of a long-term partnership to enable the two leading companies to cooperate in the field of rail systems.

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Market Coverage

• The market number available for - 2021-2029

• Base year- 2022

• Forecast period- 2023-2029

Segment Covered-

· By Security Type

· By Type

· By Application

· By Rail Type

Regions Covered-

• North America

• Europe

• Asia-Pacific

• Rest of the World

Competitive Landscape- including Siemens AG, THALES group, Alstom, Wabtec Corp., Nokia Corp., Bombardier Inc., Cervello Ltd., Cisco Systems, Inc., and others.

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Regional Analysis

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

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