1 / 5

Railway Cybersecurity Market worth $10.6 billion by 2027 - Exclusive Report by MarketsandMarkets™

Railway Cybersecurity Market worth $10.6 billion by 2027

Shubham121
Download Presentation

Railway Cybersecurity Market worth $10.6 billion by 2027 - Exclusive Report by MarketsandMarkets™

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Railway Cybersecurity Market worth $10.6 billion by 2027 - Exclusive Report by MarketsandMarkets™ USA - English NEWS PROVIDED BY MarketsandMarkets 16 Jul, 2021, 06:30 ET  CHICAGO, July 16, 2021 /PRNewswire/ -- According to the new market research report "Railway Cybersecurity Market by Type (Infrastructural & On-board), Offering, Security Type (Network, Application, Endpoint, System Administration and Data Protection), Application (Passenger & Freight), Rail Type and Region - Global Forecast to 2027", published by MarketsandMarkets™, the Railway Cybersecurity Market is estimated to be USD 6.2 billion in 2021 and is projected to grow at a CAGR of 9.4% during the forecast period, to reach USD 10.6 billion by 2027. Various countries have realized that the development of railway infrastructure is one of the important factors driving economic development. Therefore, a few countries and OEMs are investing signi?cantly in railway cybersecurity infrastructure. For instance, in 2019, Wabtec launched two new offerings designed to modernize its globally installed 23,000 locomotives. Wabtec developed FDL Advantage, which is a fuel-saving engine upgrade package for its FDL locomotive platform. Another offering is the Modular Control Architecture - Fleet Migration (MCA FM), a next-generation control system replacement that is applicable throughout Wabtec's locomotive-installed base. Both solutions have next- generation data and software capabilities. Countries are adopting various technologies in their transportation infrastructure and are focusing on R&D and innovations in rail infrastructure technology to address future mobility challenges. 

  2. Browse in-depth TOC on "Railway Cybersecurity Market" 153 – Tables 73 – Figures 259 – Pages The highest number of players in the Railway Cybersecurity Market belong to the European region. Companies such as Thales Group (France), Siemens AG (Germany), Alstom (France), and Nokia Networks (Finland) account for a major share of the Railway Cybersecurity Market. Rail operators are now replacing legacy technologies with advanced train-control and signaling systems. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp? id=128598673 The on-board solution is estimated to hold the larger market share by type during the forecast period The on-board railway cybersecurity is projected to grow at a higher CAGR during the forecast period for the Railway Cybersecurity Market, by type. The number of rapid railways primarily equipped with advanced on-board systems for safety and convenience is on the rise. These advanced features include an infotainment system, automatic doors, and IP cameras. The number of advanced components in on-board railway systems will increase because of the demand for convenience and safety. This will boost the market for railway cybersecurity providers and vendors across the globe as automatic doors and IP cameras are vulnerable to cyberattacks. Data Protection segment is estimated to be the largest segment by security type during the forecast period Data protection focuses on securing critical databases, including data, applications, database servers, and systems. Data protection applications are aimed at maintaining con?dentiality, integrity, and availability of data. These solutions protect databases from unauthorized access, malware infections, and other threats and vulnerabilities. In May 2020, the IT networks of the Swiss manufacturer of railway rolling stock, Stadler, was targeted in a malware attack to steal information. This data leak could mean the theft of sensitive data

  3. from customers or employees. In January 2019, the of?cial online booking platform of the China Railways (CR) suffered a massive data breach. Cybercriminals stole the personal information of nearly ?ve million people, which included names, ID numbers, and passwords. These incidents are driving the growth of data protection solutions to prevent a data breach. Request FREE Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=128598673 The Asia Paci?c is projected to be the fastest-growing in the Railway Cybersecurity Market The Asia Paci?c is projected to be the fastest-growing Railway Cybersecurity Market due to the increasing penetration of advanced technologies, increasing GDPs of countries, steady growth, and emerging economies. The APAC region covers some of the potential markets, namely, China, India, Japan, and Rest of Asia Paci?c. China is expected to lead the market followed by India, Japan, and Rest of Asia Paci?c in terms of share and growth rate among all countries during the forecast period. The APAC region is expected to offer signi?cant growth opportunities due to its untapped market strength. Increasing awareness about driver safety and accident prevention, presence of leading OEM players, growing freight transportation and logistics industries, the advent of the 4G LTE technology, and the adoption of smart railcars in North America and Europe due to the availability of embedded OEM cybersecurity solutions are leading to market growth. The logistics sectors in India and China are on the cusp of disruption. Robust economic growth and technology improvements have led to signi?cant developments. Despite signi?cant country-speci?c trends and nuances, the underlying themes of economic growth, digital disruption and changing customer preferences prevail. These powerful themes are expected to shape the future of the logistics industry over the next few years. Based on reliable on-line cybersecurity data, dispatchers will be able to inform their customers about changes in transport schedules earlier than is possible presently, increasing reliability and satisfying stakeholders, thus driving growth. The report analyzes all major players in the Railway Cybersecurity Market including Thales Group (France), Siemens AG (Germany), Alstom (France), Wabtec (US), and Nokia Networks (Finland). 

  4. Browse Related Reports: Rolling Stock Market by Product Type (Locomotive, Rapid Transit, Wagon, and Coach), Locomotive Technology (Conventional, Turbocharged, and Maglev), Application (Passenger and Freight) & Region – Global Trends and Forecast to 2025 Automotive Cybersecurity Market by Form (In-Vehicle, External Cloud Services), Security (Endpoint, Application, Wireless Network), Application (Infotainment, Powertrain, ADAS & Safety), Vehicle Type, EV Type, and Region - Global Forecast to 2025 About MarketsandMarkets™  MarketsandMarkets™ provides quanti?ed B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top of?cers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to bene?t more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets's ?agship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: 

  5. Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com  Research Insight: https://www.marketsandmarkets.com/ResearchInsight/railway- cybersecurity-market.asp  Visit Our Web Site: https://www.marketsandmarkets.com  Content Source: https://www.marketsandmarkets.com/PressReleases/railway- cybersecurity.asp  Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg SOURCE MarketsandMarkets 

More Related