Overview and Scope
Railway cybersecurity refers to the technology and processes implemented to secure rail systems, operations, and passengers from cyberattacks. It involves implementing security measures like unidirectional security gateways, firewalls, and traffic filtering to protect signaling systems, train control systems, passenger information systems, and station infrastructure from cyber threats.
Sizing and Forecast
The railway cybersecurity market size has grown strongly in recent years. It will grow from $8.19 billion in 2023 to $8.96 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to increasing government initiatives, growing urbanization, growing number of railway cyberattacks, government initiatives for smart railways, rising investments in railway infrastructure.
The railway cybersecurity market size is expected to see strong growth in the next few years. It will grow to $12.15 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to rising occurrence of cyberattacks, increase in data breaches or data leakages, increased demand for passenger and cargo capacity, increasing number of railroad projects, increasing demand for cloud-based services. Major trends in the forecast period include integration of the IoT, AI and automated technologies, technological advancements, expansions and joint ventures, innovative digital technologies, strategic partnerships with rail operators and service providers.
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Segmentation & Regional Insights
The railway cybersecurity market covered in this report is segmented –
1) By Type: Infrastructure, On-board
2) By Offering: Solutions, Services
3) By Security: Application Security, Network Security, Data Protection, Endpoint Security, System Administration
4) By Application: Passenger Trains, Freight Trains
Top 5 Major Players:
- Huawei Technologies Co. Ltd.,
- Robert Bosch GmbH,
- Siemens AG,
- Hitachi Ltd.,
- Raytheon Technologies Corporation,
Asia-Pacific was the largest region in the railway cybersecurity market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the railway cybersecurity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising occurrence of cyberattacks is expected to propel the growth of the railway cybersecurity market going forward. A cyberattack is characterized by any intentional and unauthorized effort to undermine the confidentiality, integrity, or accessibility of computer systems, networks, or confidential data. Cyberattacks on railway systems can impair vital infrastructure such as signaling, communication, and control systems. This disruption can cause delays, cancellations, and operational outages, impacting passenger and freight transportation services. Railway cybersecurity solutions safeguard essential infrastructure, ensure operational continuity, and improve passenger safety in the rail industry by adopting proactive security measures, assessing internal risks, and resolving underreporting issues. For instance, in February 2023, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, the cybercrime reports received in 2022 were 76,000, up from 13% from the previous year. Furthermore, in June 2022, according to the Anti-Phishing Working Group, a US-based organization, in the first quarter of 2022, a total of 1,025,968 phishing attacks were recorded, a 15% rise from the fourth quarter of 2021, when 888,585 attacks were reported. Therefore, the rising occurrence of cyberattacks is driving the growth of the railway cybersecurity market.
Key Industry Players
Major companies operating in the railway cybersecurity market are Huawei Technologies Co. Ltd., Robert Bosch GmbH, Siemens AG, Hitachi Ltd., Raytheon Technologies Corporation, General Electric, International Business Machine Corporation, Cisco Systems Inc., ABB Ltd., Nokia Corporation, BAE Systems Plc, Collins Aerospace Companies, Thales Group, Alstom SA, Webtec Corporation, Bombardier Inc., Sabre Rail Services Ltd., HollySys Automation Technologies Ltd., Traffic Control Technology Co. Ltd., SafeRail SAS, Cyberbit Ltd., Cervello Inc., Cylus Ltd., Shift5 Inc., Gear Rail, Barbara IoT SL, SpirOps, C3UK Ltd.
The railway cybersecurity market report table of contents includes:
1. Executive Summary
2. Railway Cybersecurity Market Characteristics
3. Railway Cybersecurity Market Trends And Strategies
4. Railway Cybersecurity Market – Macro Economic Scenario
5. Global Railway Cybersecurity Market Size and Growth
….
32. Global Railway Cybersecurity Market Competitive Benchmarking
33. Global Railway Cybersecurity Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Railway Cybersecurity Market
35. Railway Cybersecurity Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Railway Cybersecurity Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Railway Cybersecurity Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Railway Cybersecurity Market, Segmentation By Security, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 75: Huawei Technologies Co. Ltd. Financial Performance
Table 76: Robert Bosch GmbH Financial Performance
Table 77: Siemens AG Financial Performance
Table 78: Hitachi Ltd. Financial Performance
Table 79: Raytheon Technologies Corporation Financial Performance
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