Railway Cybersecurity Market worth $12.6 billion by 2027

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MarketsandMarkets Presents

Railway Cybersecurity Market worth 12.6 billion
by 2027
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ailway-cybersecurity-market-128598673.html
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The report "Railway Cybersecurity Market by Type
(Infrastructural and On-board), Solutions and
Services, Security Type (Network, Application,
End Point, System Administration, and Data
Protection), and Region - Global Forecast to
2027", is projected to grow from USD 6.0 billion
in 2019 to USD 12.6 billion by 2027, at a CAGR of
9.8. Increasing urbanization across the globe is
estimated to drive the railway cybersecurity
market. Browse 49 market data Tables and 43
Figures spread through 130 Pages and in-depth TOC
on "Railway Cybersecurity Market Get The PDF
Brochure For This Report _at_ https//www.marketsandm
arkets.com/pdfdownloadNew.asp?id128598673
Major vendors covered in the railway
cybersecurity market include Hitachi (Japan),
Bombardier (Canada), Huawei (China), Toshiba
(Japan), Nokia (Finland), Siemens (Germany),
Thales (France), ABB (Switzerland), Alstom
(France), IBM (US), and General Electric (US).
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Europe is expected to hold the largest market
size during the forecast period Europe is
expected to account for the largest market size
during the forecast period. European countries
such as the UK, France, and Germany are major
contributors in terms of market growth. The
European countries have been investing heavily in
modernization and upgrading of rail
infrastructures. Social and trade agreements
among the EU countries have promoted large-scale,
cross-border trade and passenger traffic in the
European region. The region is highly receptive
to advanced technologies, as the European
Telecommunications Standards Institute (ETSI) has
formed a separate committee to focus on M2M
communication privacy standardization and high
trading standards. Due to the use of advanced
mechanical and communication technologies, the
region has seen a wider development of high-speed
railways and subsequently the need for railway
cybersecurity. The dynamics of the rail industry
in Europe are changing rapidly with connected and
automated freight and passenger railway
management systems. Additionally, the EU has a
target of investing 3 of GDP in RD in creating
the conditions for business growth across all
sectors, including the railway industry. All
these factors are fueling the growth of European
railway cybersecurity market. To speak to our
analyst for a discussion on the above findings,
click Speak to Analyst
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The services segment is estimated to be the
fastest growing market, by component type Railway
cybersecurity services market is estimated to
grow at the highest CAGR during the forecast
period. The highest growth in this segment can be
attributed to the requirement of services in both
pre- and post-implementation of the cybersecurity
infrastructure. Services such as designing, risk
assessment, and development are the initial
phases of any cybersecurity solution used in
railways, while maintenance and support services
are part of the post implementation phase. As
cyberattacks keep evolving, the need for support
and maintenance services keeps increasing over
the lifetime of the cybersecurity
solutions. Network security, by security type,
is estimated to hold the largest market share
during the forecast period Network security is
estimated to account for the largest market share
in 2019. Rail network security system allows
centralized supervision, enforcing regulations
and traffic control of the entire rail network.
This network security enables the central
administration system to use real-time data over
high-speed communication links across trains and
rail infrastructures to automate traffic. The
system offers a flexible solution to increase
network capacity and time efficiency, regulate
flow of traffic, reduce risk of delays due to
cyber-attacks, and improve disaster management
over the network. The features of network
security also include efficient traffic planning,
operation management system, and maintenance
support.
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ailway-cybersecurity-market-128598673.html
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