The global railway cybersecurity includes companies operating in a wide range of product portfolios. Each category has some well-established key players and owing to the different markets in which they operate and compete, it is not feasible to determine five key players in the overall railway cybersecurity. However, based on parameters such as overall revenue, brand image, current Wire and Cable product portfolio, geographic reach, customer base, technology adoption & integration, new product/service/feature launches, partnerships, mergers & acquisitions, and other market-related activities, we have listed above five key players operating at a global level.
HITACHI, LTD., HUAWEI TECHNOLOGIES CO., LTD., SIEMENS AG, THALES GROUP, AND IBM CORPORATION ARE AMONG THE KEY MARKET PLAYERS OPERATING IN THE RAILWAY CYBERSECURITY MARKET.
Hitachi, Ltd., Huawei Technologies Co., Ltd., Siemens AG, Thales Group, and IBM Corporation are among the key market players operating in the railway Cybersecurity market. The listing of key players is derived by considering factors such as overall revenue, segment revenue, R&D expenditure, brand image, current Cybersecurity solution & service portfolio, geographic reach, new product launches, market initiatives, mergers & acquisitions, and other market-related activities. Selectron Systems AG, Capgemini SE, Cisco Systems, Inc., Collins Aerospace, and Nokia Corporation are a few other notable players operating in the railway Cybersecurity market ecosystem profiled in this market study. In addition to these 10 players, multiple leading global and regional market players, emerging companies, market disruptors and niche market players were studied and analyzed. These players, including Alstom, Bombardier, General Electric, and Cervello Ltd., were also studied and analyzed.
The digital transformation across industries makes cyber security a crucial need for enterprises worldwide. In addition, the increasing complexity and frequency of cyber-attacks in critical industries, including logistics & transportation, energy & power, and IT & telecom, is changing the security landscape. It generates the need to establish stringent regulations and frameworks that can help tackle the fast-evolving cyber security landscape. Various governments and regulators are formulating effective regulations, laws, and compliances related to cyber security. A few noteworthy efforts include Securities & Exchange Commission Cyber Exams (The US), National Institute of Standards and Technology (NIST) Cybersecurity Framework (The US), Office of the Superintendent of Financial Institutions (OSFI) Memorandum (Canada), General Data Protection Regulation (The EU), Network and Information Systems (NIS) Directive (The EU), National Credit Union Administration (NCUA) Risk Alert (The US), and several other country-specific laws, such as Korean Cyber Laws (Korea).
Most of the market initiatives were observed in Europe, which has a high potential for railway cybersecurity providers. Few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Region |
| 2017 | Cisco formed a collaboration with IBM Security to integrate Cisco’s security solutions with IBM’s QRadar to safeguard organizations against rising cyber-attacks. | Europe |
| 2020 | In partnership with Capgemini, SNCF Reseau, the service provider that manages the railway infrastructure in France, is deploying an innovative application to optimize the supervision of its rail network to increase its performance and meet the growing demand for mobility. | Europe |
