Global Railway Cyber Security Market Analysis, 2020
By Type (Infrastructural and On-board), By Security (Application Security, Network Security, Data Protection, End Point Security and System Administration), By Solutions and Services (Services, Designs, Implementation, Risk and Threat Assessment, Support and Maintenance, Solutions, Risk and Compliance Management, Encryption, Firewall, Antivirus/Anti-malware, Intrusion Detection System/Intrusion Prevention System), By Region (North America, South America, Europe, Middle East & Africa and Asia-Pacific), By Country (United States, Canada, Mexico, Brazil, Germany, Italy, United Kingdom, Belgium, Spain, France, Russia, Saudi GCC, South Africa, China, India, Japan, South Korea), By Company
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.
Historical Data: 2015-19
Base Year: 2019
Forecast Period: 2020-25
Middle East & Africa
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
What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Railway Cyber Security Market?
What are the region wise industry size, growth drivers and challenges key market trends?
What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Global Railway Cyber Security Market?
Who are the key competitors or market players and how they perform in Global Railway Cyber Security Market on the basis of competitive benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of Global Railway Cyber Security Market study?
Market Outlook, Segmentation and Statistics
Market Size & Analysis
Market Share & Analysis
End Point Security and System Administration
By Solutions and Services
Risk and Threat Assessment
Support and Maintenance
Risk and Compliance Management
Intrusion Detection System/Intrusion Prevention System
Middle East & Africa
Strategic Factorial Indexing
Competitor Placement in Markntel Quadrant
Global Railway Cyber Security Market Policies, Regulations, Application Standards
Global Railway Cyber Security Market Hotspot and Opportunities
Global Railway Cyber Security Market Key Strategic Imperatives for Success and Growth
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.
1.1. Product Definition
1.2. Research Process
1.4. Market Segmentation
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Global Railway Cyber Security Market Analysis, 2015-2025F
4.1. Market Size & Analysis
4.1.1. Market Revenue
4.2. Market Share & Analysis
4.2.1. By Type
4.2.2. By Security
188.8.131.52. Application Security
184.108.40.206. Network Security
220.127.116.11. Data Protection
18.104.22.168. End Point Security and System Administration
4.2.3. By Solutions and Services
22.214.171.124. Risk and Threat Assessment
126.96.36.199. Support and Maintenance
188.8.131.52. Risk and Compliance Management
184.108.40.206. Intrusion Detection System/Intrusion Prevention System
4.2.4. By Region
220.127.116.11. North America
18.104.22.168. South America
22.214.171.124. Middle East
4.2.5. By Company
126.96.36.199. Revenue Shares
188.8.131.52. Strategic Factorial Indexing
184.108.40.206. Competitor Placement in MarkNtel Quadrant
5. North America Railway Cyber Security Market Analysis, 2015-2025F
5.1. Market Size & Analysis
5.1.1. Market Revenue
5.2. Market Share & Analysis
5.2.1. By Type
5.2.2. By Security
5.2.3. By Solutions and Services
5.2.4. By Country
220.127.116.11. United States
5.3. United States Railway Cyber Security Market Analysis, 2015-2025F