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Railway cybersecurity is utilized to safeguard infrastructure, digital resources, data from cyber-attacks, and malware. Railway cybersecurity provides several solutions and services to recognize cyber-attacks and present solutions through automated systems. The frequent cyber-attacks on railway infrastructure, coupled with extensive degree of digitalization, automation technology, and adoption of IoT are the major factors for a rise in the demand for railway cyber security in the coming years. Also, due to digitalization, the data of the customers as well as the tracking of trains are stored and monitored on a real-time basis using a secure IT network. Thus, there is a risk of hackers or miscreants breaking into the cyberspace by attacking with ransomware and hack personal details of the customers.
| Report Coverage | Details |
| Study Period | Historical Data: 2015-19 |
| Base Year: 2019 | |
| Forecast Period: 2020-25 | |
| Regions Covered | North America |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle East & Africa | |
| Unit Denominations | USD Million/Billion |
Certain governments are forming required policies and frameworks to prevent the data from cyber-attacks and making it mandatory for the railways to have insurance policies.
According to the MarkNtel Advisors’ research report titled “Global Railway Cyber Security Market Analysis, 2020”, the CAGR of Railway Cybersecurity market is expected to be around 9.5% during 2020-25. Moreover, on account of metros and high-speed rails and trams, the infrastructure-based cybersecurity market would grow at a rapid pace as passenger information and train monitoring are stored in cyberspace networks.
Moreover, with the expansion of metro and high-speed rails in countries such as Saudi Arabia and in some countries of Asia-Pacific is anticipated to boost the demand for railway cybersecurity for securing the railways and metros data in a safer manner.
Additionally, the US, Europe, Canada, South Korea, and Japan are key hotspots of the railway cybersecurity systems. These countries are home to some of the leading manufacturers in the market, and thus can intensify the demand for railway cybersecurity systems in these regions.
Currently having the largest population in the world, China has widespread presence of an ample number of OEMs, due to which, the domestic rail, metros and high-speed trains are constantly expanding thereby, increasing the necessity for cybersecurity.
Infrastructure Sector and Data Protection Segments are Expected to Witness Growth
The data protection segment is anticipated to be the fastest-growing segment in railway cybersecurity. Data protection is expanding due to an active data generation process including processes such as ticketing and generating passenger information. With a growing degree of data analytics, the importance of data has increased the demand for cybersecurity. Total worldwide spending on information security was estimated to be around USD 114 billion in 2018 and is expected to be around USD 124 billion in 2019. The growth rate is estimated to be around 8.7% during 2018-2019. Regulatory bodies such as European Union Global Data Protection Regulations (GDPR) can further aid in fuelling the demand for cybersecurity services in the coming years.
According to the MarkNtel Advisors, the major 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 Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What would be the growth rate or CAGR of Global Railway Cyber Security Market during 2020-25?
A. The market size of Global Railway Cyber Security Market during 2020-25 is forecast to be around 9.5%.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that Aisa-Pacific will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in Global Railway Cyber Security Market?
A. Alstom, Hitachi, Bombardier, Siemens, Cisco, Huawei, Thales, General Electric, Toshiba Digital Solutions Corporations, and IBM are few of the leading players in the Global Railway Cyber Security Market.
Q. Does the report scope cover Global Railway Cyber Security type and region wise market statistics also?
A. Yes, the scope of the report encompass detailed Global Railway Cyber Security type and region wise statistics such as market size, market segmentation based on various subcategories.
Q. Which segment would emerge as an opportunity area for players in Global Railway Cyber Security Market?
A. Infrastructure Sector and Data Protection Segment will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Railway Cyber Security Market.
