Railway Cybersecurity Market - Global Forecast to 2027

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MarketsandMarkets Presents

Railway Cybersecurity Market - Global Forecast to
2027
https//www.marketsandmarkets.com/Market-Reports/r
ailway-cybersecurity-market-128598673.html
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Railway Cybersecurity Market is estimated to be
6.2 billion in 2021 and is projected to grow at
a CAGR of 9.4 during the forecast period, to
reach 10.6 billion by 2027. Increase in user
preference for public transportation and growing
demand for smart transportation and internet of
things (IoT) will propel the railway
cybersecurity market. Opportunity Increasing
demand for cloud-based services The demand for
cloud-based services, analytics, and mobile
internet technologies is increasing due to their
efficient IT management and reliable security
environment. With the rapid increase in big data
applications, the level of complexity is also
expected to increase, given the sprouting data
pool, emerging technologies, and constant need to
optimize cost. These factors are expected to
influence the growth of new analytics platforms
and data storage. The signaling system has been
considered to operate on a closed network for
safety. Currently, these systems are becoming
more centralized and integrated and have become
IT-based using regular computer and COTS
(commercial off-the-shelf) components and thereby
becoming vulnerable to cyberthreats. Thus, it
becomes necessary to deploy cloud-based services
in railways. Cloud computing uses the collected
data and distributes data to one or more computer
systems associated with performing different
functions. Thus, minimizing the risk of a
cyberattack on critical and non-critical data
would further fuel the growth of the railway
cybersecurity market.
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The key players considered in the analysis of the
Railway Cybersecurity Market are Thales Group
(France), Siemens AG (Germany), Alstom (France),
Wabtec (US), and Nokia Networks
(Finland). Download PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id128598673 The on-board solution is
estimated to hold the larger market share by type
during the forecast period The on-board railway
cybersecurity is projected to grow at a higher
CAGR during the forecast period for the Railway
Cybersecurity Market, by type. The number of
rapid railways primarily equipped with advanced
on-board systems for safety and convenience is on
the rise. These advanced features include an
infotainment system, automatic doors, and IP
cameras. The number of advanced components in
on-board railway systems will increase because of
the demand for convenience and safety. This will
boost the market for railway cybersecurity
providers and vendors across the globe as
automatic doors and IP cameras are vulnerable to
cyberattacks. Data Protection segment is
estimated to be the largest segment by security
type during the forecast period
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Data protection focuses on securing critical
databases, including data, applications, database
servers, and systems. Data protection
applications are aimed at maintaining
confidentiality, integrity, and availability of
data. These solutions protect databases from
unauthorized access, malware infections, and
other threats and vulnerabilities. In May 2020,
the IT networks of the Swiss manufacturer of
railway rolling stock, Stadler, was targeted in a
malware attack to steal information. This data
leak could mean the theft of sensitive data from
customers or employees. In January 2019, the
official online booking platform of the China
Railways (CR) suffered a massive data breach.
Cybercriminals stole the personal information of
nearly five million people, which included names,
ID numbers, and passwords. These incidents are
driving the growth of data protection solutions
to prevent a data breach. Request FREE Sample
Report _at_ https//www.marketsandmarkets.com/request
sampleNew.asp?id128598673 The Asia Pacific is
projected to be the fastest growing in the
Railway Cybersecurity Market The Asia Pacific is
projected to be the fastest-growing Railway
Cybersecurity Market due to the increasing
penetration of advanced technologies, increasing
GDPs of countries, steady growth, and emerging
economies. The APAC region covers some of the
potential markets, namely, China, India, Japan,
and Rest of Asia Pacific. China is expected to
lead the market followed by India, Japan, and
Rest of Asia Pacific in terms of share and growth
rate among all countries during the forecast
period.
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The APAC region is expected to offer significant
growth opportunities due to its untapped market
strength. Increasing awareness about driver
safety and accident prevention, presence of
leading OEM players, growing freight
transportation and logistics industries, the
advent of the 4G LTE technology, and the adoption
of smart railcars in North America and Europe due
to the availability of embedded OEM cybersecurity
solutions are leading to market growth. The
logistics sectors in India and China are on the
cusp of disruption. Robust economic growth and
technology improvements have led to significant
developments. Despite significant
country-specific trends and nuances, the
underlying themes of economic growth, digital
disruption and changing customer preferences
prevail. These powerful themes are expected to
shape the future of the logistics industry over
the next few years. Based on reliable on-line
cybersecurity data, dispatchers will be able to
inform their customers about changes in transport
schedules earlier than is possible presently,
increasing reliability and satisfying
stakeholders, thus driving growth. To speak to
our analyst for a discussion on the above
findings, click Speak to Analyst
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