Press release
Railway Cybersecurity Market Size to Reach USD 14.69 Billion with a CAGR of 5.1% by 2030
๐๐๐ฉ ๐๐ฃ๐จ๐๐๐ ๐๐๐ค๐ค๐ฅ ๐ค๐ ๐ฉ๐๐ ๐ง๐๐ฅ๐ค๐ง๐ฉ, ๐ง๐๐ฆ๐ช๐๐จ๐ฉ ๐๐ค๐ง ๐จ๐๐ข๐ฅ๐ก๐: - https://www.alliedmarketresearch.com/request-sample/12554
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ถ๐๐ฒ ๐ฎ๐ป๐ฑ ๐๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐
The global railway cybersecurity market was valued at $7.73 billion in 2020, and is projected to reach $14.69 billion by 2030, registering a CAGR of 5.1%. Europe was the highest revenue contributor, accounting for $2.48 billion in 2020, and is estimated to reach $5.22 billion by 2030, with a CAGR of 8.1%.
The growth in the number of cyber-attacks on the railway infrastructure and railway system has witnessed in recent years. To acquire or access the railway system related data points by unauthorized personnel or program is expected to create significant demand for railway cybersecurity during the forecast period.
Changing mobility outlook and increasing inclination toward smart technology-enabled railway system are the crucial factors for the high adoption of the railway cybersecurity system. Moreover, the data protection segment is expected to hold significant market share in 2020 and is anticipated to witness lucrative opportunity due to its operational requirements, digitalization of the railway system along with data transfer abilities.
๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป๐ฎ๐น ๐ข๐๐๐น๐ผ๐ผ๐ธ
Europe is dominant in the global railway cybersecurity market and is expected to be a leader in the market. It is projected to witness lucrative growth during the forecast period. The global railway cybersecurity market is a fairly consolidated market with limited number of players operating in the global market. Majority of the market participants are strategically involved in acquisition, agreement, expansion, investment, partnership, product development, and product launch activities.
๐๐๐ ๐ ๐ ๐๐ช๐ง๐๐๐๐จ๐ ๐๐ฃ๐ฆ๐ช๐๐ง๐ฎ:- https://www.alliedmarketresearch.com/purchase-enquiry/12554
The spread of the COVID-19 pandemic has negatively impacted the global railway cybersecurity market. Expected weak business performance of the market players directly impacts the overall sales of the system and service of railway cybersecurity. However, in 2021, majority of the governments have focused on infrastructural development in the second wave of COVID-19 health crisis. Therefore, such infrastructure developments planned in the rail industry front for 2021 are anticipated to support the growth of the railway cybersecurity market.
This positive demand outlook for the market is estimated to witness positive growth and the market is expected to witness strong recovery in 2021. Market participants of railway cybersecurity are following certain approaches to manage the operations by slashed budgets, extended equipment lifecycles, decreased staff sizes, and reduced salaries in the short term to overcome the financial downturn.
๐๐ค ๐๐ช๐ง๐๐๐๐จ๐ ๐ฉ๐๐๐จ ๐๐ง๐๐ข๐๐ช๐ข ๐๐๐ฅ๐ค๐ง๐ฉ:https://www.alliedmarketresearch.com/railway-cybersecurity-market/purchase-options
๐ง๐ต๐ฒ ๐๐ฒ๐ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐
Key players operating in the global railway cybersecurity market include Alstom, Cisco Systems, Inc., Hitachi Ltd., Huawei Technologies Co., Ltd., International Business Machine Corporation (IBM), Nokia Corporation, Raytheon Technologies Corporation, Siemens AG, Thales Group, and Webtec Corporation.
๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ง ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
E-Drive for Automotive Market- https://www.einnews.com/pr_news/664311040/e-drive-for-automotive-market-cagr-of-8-8-and-reach-21-5-billion-by-2031
Automotive Sunroof Market- https://www.einnews.com/pr_news/664280765/global-automotive-sunroof-market-cagr-of-9-3-and-reach-usd-13-6-billion-by-2030
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