Railway Cybersecurity Market Analysis, Top Players 2021-2031
The railway cybersecurity market size is projected to reach US$ 18.02 billion by 2031 from US$ 7.51 billion in 2023. The market is expected to register a CAGR of 11.6% during 2023–2031. The rising number of cyberattacks and growing adoption of smart mobility solutions in railways are likely to be the key drivers and trends of the market.
Railway Cybersecurity Market Analysis
The railway cybersecurity market is experiencing significant growth globally. This growth is attributed to the rising number of cyberattacks and the growing adoption of smart mobility solutions in railways. Moreover, the increasing cybersecurity laws and regulations and rising demand for cloud-based cybersecurity services are the factors anticipated to drive railway cybersecurity market growth in the coming years.
Railway Cybersecurity Market Overview
Cybersecurity in railways is becoming very important due to the increasing dependence on digital systems and technologies. As railways have become more modernized, they have adopted various computer-based systems to monitor and control operations, from signaling and track management to passenger management and ticketing. This digitalization has made rail systems more convenient and efficient for passengers and operators.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Railway Cybersecurity Market: Strategic Insights
Railway Cybersecurity Market
-
CAGR (2023 - 2031)
11.6%
-
Market Size 2023
US$ 7.51 billion
-
Market Size 2031
US$ 18.02 Billion
Market Dynamics
GROWTH DRIVERS
- Rising Number of Cyber Attacks to Favor Market
FUTURE TRENDS
- The rising demand for cloud based security is anticipated to drive the market in the forecast period.
OPPORTUNITIES
- Rising Demand from Cloud-Based Cybersecurity Services
Key Players
- CAPGEMINI SE
- Cisco Systems Inc
- Collins Aerospace
- Hitachi Ltd
- Huawei Technologies Co
- Ltd
- IBM Corporation
- Nokia Corporation
- Selectron Systems AG
- Siemens AG
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Offering
- Solution
- Services
Security Type
- Application Security
- Network Security
- Data Protection
- Endpoint Security
- System Administration
Type
- Operational Technology
- Information Technology
Application
- Passenger Trains
- Freight Trains
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Railway Cybersecurity Market: Strategic Insights
-
CAGR (2023 - 2031)11.6% -
Market Size 2023
US$ 7.51 billion -
Market Size 2031
US$ 18.02 Billion
Market Dynamics
- Rising Number of Cyber Attacks to Favor Market
- The rising demand for cloud based security is anticipated to drive the market in the forecast period.
- Rising Demand from Cloud-Based Cybersecurity Services
Key Players
- CAPGEMINI SE
- Cisco Systems Inc
- Collins Aerospace
- Hitachi Ltd
- Huawei Technologies Co
- Ltd
- IBM Corporation
- Nokia Corporation
- Selectron Systems AG
- Siemens AG
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Solution
- Services
- Application Security
- Network Security
- Data Protection
- Endpoint Security
- System Administration
- Operational Technology
- Information Technology
- Passenger Trains
- Freight Trains
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Railway Cybersecurity Market Drivers and Opportunities
Rising Number of Cyber Attacks to Favor Market
Critical infrastructures in railways are increasingly exposed to possible cyber-attacks. Connectivity and the use of technology in all sectors have improved the service provided to citizens, optimizing processes and resources and improving the quality of each operator’s actions. But this connectivity also has its dark side, facilitating the actions of malicious actors who can attack and disrupt the corresponding service. The sector faces several cyber threats that can significantly affect its operations. The main components that cyber-attacks could target include control and signaling systems, communication networks and traffic management systems, passenger information and ticketing systems, as well as maintenance and asset management infrastructure.
Rising Demand from Cloud-Based Cybersecurity Services.
The rising demand for cloud-based cybersecurity services is anticipated to drive the market in the coming years. Cloud-based cybersecurity solutions can aid in the automatic management and monitoring of railway signalling systems. One can track the status of each signal using sensors and automatically change and modify settings as needed. It can assist in enhancing productivity and prevent problems before they occur. A sensor, for example, will notice an issue with a particular signal instantly. And on the cloud, changes will be made in real-time that affect only that signal. Trains can thus avoid those signals without being delayed or disrupted.
Railway Cybersecurity Market Report Segmentation Analysis
Key segments that contributed to the derivation of the railway cybersecurity market analysis are offering, security type, type, and application.
- Based on the offering, the railway cybersecurity market is divided into solutions (risk and compliance management, encryption, firewall, antivirus/antimalware, intrusion detection/intrusion prevention, and others) and services. The solution segment is anticipated to hold a significant market share in the forecast period.
- Based on security type, the railway cybersecurity market is divided into application security, network security, data protection, endpoint security, and system administration. The application security segment is anticipated to hold a significant market share in the forecast period.
- By type, the market is segmented into operational technology (OT) and information technology (IT). The operational technology (OT) segment is anticipated to hold a significant market share in the forecast period.
Railway Cybersecurity Market Share Analysis by Geography
The geographic scope of the railway cybersecurity market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the railway cybersecurity market. High technology adoption trends in various industries in the North American region have fuelled the growth of the railway cybersecurity market. Factors such as increased adoption of digital tools and high technological spending by government agencies are expected to drive the North American railway cybersecurity market growth. Moreover, a strong emphasis on research and development in the developed economies of the US and Canada is forcing the North American players to bring technologically advanced solutions into the market. In addition, the US has a large number of railway cybersecurity market players who have been increasingly focusing on developing innovative solutions. All these factors contribute to the region's growth of the railway cybersecurity market.
Railway Cybersecurity Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 7.51 billion |
Market Size by 2031 | US$ 18.02 Billion |
Global CAGR (2023 - 2031) | 11.6% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Offering
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Railway Cybersecurity Market News and Recent Developments
The railway cybersecurity market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Railway Cybersecurity market are listed below:
- Cylus, a renowned leader in rail cybersecurity solutions, announced an achievement: its flagship CylusOne solution has clinched the coveted title of being the world’s first rail cybersecurity solution to attain the prestigious IEC 62443-4-2 certification at Security Level 3.(Source: Cylus Company Website, February 2024)
- Strides International Business is set to sign a memorandum of understanding (MoU) with Egis for the delivery of cybersecurity services in the rail sector. (Source: Strides International Business Company Website, Nov 2023)
Railway Cybersecurity Market Report Coverage and Deliverables
The “Railway Cybersecurity Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Railway cybersecurity market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Railway cybersecurity market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Railway cybersecurity market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the railway cybersecurity market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Offering, Security Type, Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Austria, Brazil, Canada, China, Denmark, Finland, France, Germany, India, Italy, Japan, Mexico, Netherland, Norway, Poland, Russian Federation, Saudi Arabia, South Africa, South Korea, Sweden, Switzerland, Taiwan, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The global railway cybersecurity market is expected to reach US$ 18.02 billion by 2031.
The expected CAGR of the railway cybersecurity market is 11.6%.
The key players holding majority shares in the global railway cybersecurity market are CAPGEMINI SE, Cisco Systems, Inc., Collins Aerospace, Hitachi, Ltd., Huawei Technologies Co., Ltd., IBM Corporation, Nokia Corporation, Selectron Systems AG, Siemens AG, and Thales Group.
The rising demand for cloud based security is anticipated to drive the market in the forecast period.
North America is anticipated to dominate the railway cybersecurity market in 2023.
The rising number of cyberattacks and the growing adoption of smart mobility solutions in railways are some of the factors driving the railway cybersecurity market.