Cyber security is necessary to protect the IT infrastructure and physical and digital data from cyber threats. With the increasing threats of cyber security, data protection and secrecy are of utmost importance in the railways owing to the overall data generation process such as ticketing, customer information, rail, and metro tracking. The key objectives of those involved in cyber-attacks on railway data infrastructure are to access the customer biometric or to control data, financial details, business emails, complete traffic control, etc.
However, numerous governments are taking initiatives and making schemes under public-private partnership (PPP) models to curb such threats while modernizing the existing railway industry. European Commission, under the General Data Protection Regulation (GDPR), has increased the focus on data protection. While expansion of mono-rails and rapid metros in the emerging economies has been inducing the need for greater data protection in various countries.
According to the MarkNtel Advisors’ research report titled “Global Railway Cyber Security Market Analysis, 2020”, the market size of global railway cyber security is estimated to grow at a CAGR around 9.5% during 2020-25. Inclination toward IoT and automation is projected to fuel the demand for railway cyber security systems in the coming years. Moreover, the expansion of high-speed trains, mono-rails, and metros in the emerging economies such as China and India and the paradigm shift of the customer preference toward intelligent transport systems are expected to lead to the demand for railway cyber security in the coming years. Furthermore, the rapid digitalization and globalization and growing need for improved railway transportation systems are surging the demand for cyber security systems for the safer travelling of citizens.
“Global Railway Cyber Security Market Analysis, 2020”, provides comprehensive qualitative and quantitative insights on the industry potential, key factors such as trends, drivers, hotspots and growth opportunities and challenges available for railway cyber security across the globe. Moreover, the report also encompasses the key leading players in the industry, along with competitive benchmarking and competition matrix and company profiling.
Based on type, infrastructure sector is the largest sector and is crucial for rail travel security that implements railway traffic management systems in metropolitan travel such as metros and rapid trains. Railway traffic management technologies effectively enable traffic control and traffic management with centralized railway monitoring system.
Network Security System Acquired Significant Market Share
Based on security, network security system segment acquired significant market share in the Global Railway Cyber Security market in 2019 owing to growing number of safety breaks to avoid hackers who try to access the confidential information. The network security segment is estimated to witness a surge during 2020-25 as stated in MarkNtel Advisors’ in their research report, “Global Railway Cyber Security Market Analysis, 2020”,
According to the MarkNtel Advisors, the leading companies are Alstom, Hitachi, Bombardier, Siemens, Cisco, Huawei, Thales, General Electric, Toshiba Digital Solutions Corporations and IBM, among others.
Key questions answered in the study: