Global Railway Cybersecurity Market is segmented by Solution (Risk and Compliance Management, Encryption, Firewall, Antivirus/Antimalware, Intrusion Detection System/Intrusion Prevention System), Services (Design and Implementation, Risk and Threat Assessment, Support and Maintenance), Security (Application Security, Network Security, Data Protection, End Point Security, System Administration), Type (Infrastructural, On-Board),and Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) is expected to reach US$ 11.3 Bn by 2026, at a CAGR of 13.17 % during a forecast period.
Digitalization has developed as the key driver for innovation in the railways. It provides major opportunities to streamline operations, improve the reliability of assets and enhance passenger (or customer in case of freight) experience while reducing costs. It is being used to derive real-time information on rail actions and is an enabler of predictive maintenance for fixed assets and rolling stock.
IoT has driven asset management technique is now leading up to the probability of creating Digital Twins of critical assets to replicate the real-time performance of a live asset and thus draw useful and powerful insights on asset performance and its design effectiveness.
The service segment is expected to grow at the highest CAGR during the forecast period.
The services segment is likely to be the fastest growing market throughout the forecast period. The railway cybersecurity market is sub-segmented into risk and threat assessment, support and maintenance, design and implementation, and others. These services improve the security portfolio of rail infrastructure and safeguard the endpoints, networks, & cloud environment from unauthorized access, exploitation, and data loss.
The Asia Pacific is expected to be the leading region in the global railway cybersecurity market during the forecast period.
The Asia Pacific is expected to contribute to the major in terms of market share in the railway cybersecurity market. It is because of massive investments in railway infrastructure is boosting the Chinese market and technological advancements in high-speed trains are driving the Japanese market.
Key players operating the Global Railway Cybersecurity Market are Thales Group, Alstom, Siemens, Bombardier, General Electric (WabTec), Nokia Networks, Hitachi, IBM, Cisco, United Technologies (Rockwell Collins), Huawei, Toshiba, Tech Mahindra, TUV Rheinland, Capgemini (Sogeti), ABB, Bae Systems, Cylus, Cervello, Euromicron Group (Telent GmbH)
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Railway Cybersecurity Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Railway Cybersecurity Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Railway Cybersecurity Market positioning of competitors.
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