Railway Cybersecurity Market worth $12.6 billion by 2027
                     MarketsandMarkets 
Presents
Railway Cybersecurity Market worth 
$12.6 billion by 2027
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The report "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", is projected to 
grow from USD 6.0 billion in 2019 to USD 12.6 billion by 2027, at a CAGR 
of 9.8%. Increasing urbanization across the globe is estimated to drive 
the railway cybersecurity market.
Browse 49 market data Tables and 43 Figures spread 
through 130 Pages and in-depth TOC on "Railway Cybersecurity 
Market”
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Major vendors covered in the railway cybersecurity market include 
Hitachi (Japan), Bombardier (Canada), Huawei (China), Toshiba 
(Japan), Nokia (Finland), Siemens (Germany), Thales (France), ABB 
(Switzerland), Alstom (France), IBM (US), and General Electric (US).
Europe is expected to hold the largest market size during the 
forecast period
Europe is expected to account for the largest market size during the 
forecast period. European countries such as the UK, France, and 
Germany are major contributors in terms of market growth. The 
European countries have been investing heavily in modernization and 
upgrading of rail infrastructures. Social and trade agreements among the 
EU countries have promoted large-scale, cross-border trade and 
passenger traffic in the European region. The region is highly receptive 
to advanced technologies, as the European Telecommunications 
Standards Institute (ETSI) has formed a separate committee to focus on 
M2M communication privacy standardization and high trading standards. 
Due to the use of advanced mechanical and communication 
technologies, the region has seen a wider development of high-speed 
railways and subsequently the need for railway cybersecurity. The 
dynamics of the rail industry in Europe are changing rapidly with 
connected and automated freight and passenger railway management 
systems. Additionally, the EU has a target of investing 3% of GDP in R&D 
in creating the conditions for business growth across all sectors, 
including the railway industry. All these factors are fueling the growth of 
European railway cybersecurity market.
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The services segment is estimated to be the fastest growing 
market, by component type
Railway cybersecurity services market is estimated to grow at the 
highest CAGR during the forecast period. The highest growth in this 
segment can be attributed to the requirement of services in both pre- 
and post-implementation of the cybersecurity infrastructure. Services 
such as designing, risk assessment, and development are the initial 
phases of any cybersecurity solution used in railways, while 
maintenance and support services are part of the post implementation 
phase. As cyberattacks keep evolving, the need for support and 
maintenance services keeps increasing over the lifetime of the 
cybersecurity solutions.
Network security, by security type, is estimated to hold the 
largest market share during the forecast period
Network security is estimated to account for the largest market share in 
2019. Rail network security system allows centralized supervision, 
enforcing regulations and traffic control of the entire rail network. This 
network security enables the central administration system to use real-
time data over high-speed communication links across trains and rail 
infrastructures to automate traffic. The system offers a flexible solution 
to increase network capacity and time efficiency, regulate flow of traffic, 
reduce risk of delays due to cyber-attacks, and improve disaster 
management over the network. The features of network security also 
include efficient traffic planning, operation management system, and 
maintenance support. 
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