DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
The Global Railway Cybersecurity Market is Estimated to Grow at a CAGR of 9.8% From USD 6.0 Billion in 2019 to USD 12.6 Billion by 2027.
Increase in user preference for urban transportation and growing demand for convenient transport to fuel the demand for railway cybersecurity
Major factors driving the railway cybersecurity market include the adoption of IoT as well as automation technologies to enhance efficiency in the optimization of railways and increasing number of government initiatives and PPP models for modernization of railways. However, the capital-intensive nature of implementing connected technology is inhibiting the growth of the railway cybersecurity market.
Data protection segment to grow at a significant rate during the forecast period.
Data protection segment is estimated to be the fastest growing segment of the railway cybersecurity market. The demand for data protection is high across regions. This is because of increasing data generation from processes in railways such as ticketing, passenger information collection, and railway information collection. Due to data analytics tools, the importance of data has increased tremendously as it helps make railway operations more efficient and profitable. Moreover, European regulations such as GDPR have further increased the demand for data protection. Hence, the increasing growth and importance of data in railways drive the need for data protection.
The infrastructural segment is estimated to be the largest market, in terms of value, by type, in the railway cybersecurity market.
The infrastructural segment is estimated to hold the largest market share. The infrastructural segment comprises large connected infrastructure such as railway signaling, passenger information system, platform management system, ticketing systems, and few other systems. Most of the platforms for high-speed railways systems are equipped with the above features, which increase the need for cybersecurity in the infrastructure. Several countries in Europe and Asia Pacific have introduced various rail projects to encourage mass rapid transit across countries. Increasing digitalization and the growing number of smart railway systems will drive the demand for infrastructural railway cybersecurity across the globe.
Asia Pacific is estimated to be the fastest growing market for railway cybersecurity during the forecast period.
The Asia Pacific railway cybersecurity market is estimated to grow at the highest CAGR during the forecast period. The growth of the Asia Pacific market is due to increasing urban transit and digitalization of railways by major players and governments in the region. This is to cope with rising consumer demand for convenient and secure travel and comply with fuel-efficiency norms to restrict CO2 emissions. For instance, Bombardier's Optiflo rail control service solutions introduced new advancements in powerful, data-driven, predictive maintenance and cybersecurity solutions for Asia Pacific.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.2 Market Dynamics
18.104.22.168 Increasing Cybersecurity Threats
22.214.171.124 Adoption of IoT and Automation Technologies
126.96.36.199 Slow Pace of Cybersecurity Advancements in Developing Economies
188.8.131.52 Demand for Cloud-Based Services
184.108.40.206 Security of Generated Data
220.127.116.11 Shortage of Cybersecurity Expertise for Proactive Strategic Planning
6 Industry Trends
6.1 Technological Overview
6.1.1 IoT in Railways
6.1.2 Big Data Analytics and Cloud Computing in Railways
6.1.3 Connected Trains
18.104.22.168 Positive Train Control (PTC)
22.214.171.124 Communication/Computer-Based Train Control (CBTC)
126.96.36.199 Passenger Information System (PIS)
6.1.4 Autonomous Train
6.1.5 European Network and Information Security Agency (ENISA)
6.2 Regulatory Overview
6.2.1 General Data Protection Regulation (GDPR)
6.2.2 International Union of Railways (UIC)
6.2.3 Rail Safety Improvement Act of 2008
7 Railway Cybersecurity Market, By Solutions and Services
7.2.1 Risk and Compliance Management
7.2.5 Intrusion Detection System/Intrusion Prevention System
7.3.1 Design and Implementation
7.3.2 Risk and Threat Assessment
7.3.3 Support and Maintenance
8 Railway Cybersecurity Market, By Security Type
8.2 Application Security
8.2.1 Asia Pacific is Estimated to Grow at Highest CAGR During Forecast Period
8.3 Network Security
8.3.1 North America is Estimated to Be the Second Fastest Market in for the Network Security Segment
8.4 Data Protection
8.4.1 Government Regulations Related to Data Protection Such as GDPR is Estimated to Drive the Market
8.5 End Point Security
8.5.1 Increasing Security Requirement for the Devices Such as IP Cameras, Passenger Information Display, Passenger Announcement, and Automatic Doors is Major Driving Factor for the End Point Security
8.6 System Administration
8.6.1 Europe is the Largest Market for System Administration
9 Railway Cybersecurity Market, By Type
9.2.1 Increase in Connected and Digitalised Infrastructure in Asia Pacific Region Will Propel the Market for Infrastructural Solution
9.3.1 Increasing Government Norms Related to Passenger Security Will Propel On-Board Security Market
10 Railway Cybersecurity Market, By Region
11 Competitive Landscape
11.2 Market Ranking Analysis
11.3 Competitive Situation & Trends
11.4 Competitive Leadership Mapping
12 Company Profiles
12.1 Thales Group
12.5 General Electric (WabTec)
12.6 Nokia Networks
12.10 United Technologies (Rockwell Collins)
12.13 Tech Mahindra
12.14 TUV Rheinland
12.15 Capgemini (Sogeti)
12.17 Bae Systems
12.20 Euromicron Group (Telent GmbH)
For more information about this report visit https://www.researchandmarkets.com/r/90sgd8