Railway Cybersecurity Market

Railway Cybersecurity Market is accounted for USD 7,728 million in 2020, growing at a robust CAGR of 8.6% during forecast period.

Railway Cybersecurity Market Overview

Railway cybersecurity is a set of services mainly used to protect the systems, networks, and programs related to railways from digital attacks. In simple terms, cyber-attacks are generally focused on destroying or accessing railway-related information for unauthorized usage. In addition, railway cybersecurity aims to protect enterprise data and infrastructure from harmful cyberattacks. Due to rapid technological advancement, railway infrastructure and related solutions are integrated with innovative digital technologies to attain operational efficiency. Railway cybersecurity provides solutions and services to recognize cyber-attacks and define countermeasures with the help of automated systems.

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Major Railway Cybersecurity Market Drivers

Growing urbanization across the world has resulted in the development of smart cities. Governments around the globe are undertaking many smart city initiatives to provide better transportation infrastructure and speeding up operational activities in public transportation services. For instance, in 2020, according to the world economic forum, China plan to develop 500 smart cities over the next few years. The Singapore Government is implementing digital technology in transportation to accomplish its Smart Nation vision. Transportation is termed one of the essential pillars of a country’s economic development. Hence, these smart city projects are expected to boost the growth of the global railway cybersecurity market.

Smart railway systems require investor-friendly policies and joint efforts from various stakeholders such as service providers, telecom operators, infrastructure providers, public sectors, manufacturers, and user groups. Government authorities are collaborating with Public-Private Partnership (PPP) models, which enable private sector companies such as Siemens AG, Bharat Forge Ltd. and GMR Group etc to participate in smart railways initiatives of governments for financing and deploying transportation projects. These factors have augmented the positive growth of this market.

Restraint in the Railway Cybersecurity Market

However, the high installation cost is one of the railways significant factors hampering this market’s growth. IoT is being adopted in rail solutions that demand large networks. Thus, the delay in infrastructure development leads to slow adoption of advanced technologies and solutions, thereby hampering the growth of railway cybersecurity.

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Type – Segment Analysis

Based on the Type, the onboard railway cybersecurity market is expected to grow a higher CAGR during the forecast period. Digital technology has become necessary, and passengers are looking for entertainment during their journeys, such as watching videos on their smartphones and reading news on their tablets. Trains are now equipped with advanced technology to improve security and deliver fast, seamless connectivity. The rapid increase of railway onboard operational systems has boosted the growth of this market.

Application – Segment Analysis

Based on the Application, the passenger trains segment is projected to grow at higher CAGR in railway cybersecurity during the forecast period. The security of the rail passengers’ networks is more complex than the freight segment as there is an open infrastructure, vast user base and multiple access points. Governments across the world are implementing cybersecurity solutions for their passenger. For instance, in 2020, according to US Government Accountability Office releases report containing the assessment of the passenger railway cyberattacks in the European and US region and passed guidelines such as security in station designs, emphasize security awareness etc to limit them. These steps have boosted the growth of this segment.

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Regional – Segment Analysis:

Based on the region, the Asia Pacific region is projected to grow at a higher CAGR in railway cybersecurity during the forecast period. The rising population and rapid urbanization are major factors driving the development of rail networks and leading to mainline and urban rail infrastructure construction in this region such as China has invested more than USD 154 billion for the expansion of railway network in YRD region. The presence of major key players in this region, such as Hitachi Ltd., Huawei, Toshiba, and Tech Mahindra Ltd, has boosted the growth of the railway cybersecurity market. India is predicted to emerge as the dominating market for railway cybersecurity. This can be attributed to the projects linked to high-speed rail and urban transit. In 2021 Indian government signed a finance contract with European Investment Bank for Pune metro rail projects which is expected to offer urban mobility to a large population.

Top Market Players

Various notable players operating in the market, include, ABB Group, Siemens, Nokia, Cisco Systems, Inc., IBM Corporation, Tech Mahindra Limited., Toshiba Corporation, Huawei Technologies Co., Ltd., Hitachi, Ltd., Ensco, Inc., among others.

Key Developments:

• • In Aug 2020, Perpetuum, a UK-based technology firm was acquired by Hitachi Rail. This acquisition will provide the Perpetuum technology firm would work on developing, optimizing, and improving the application of the technology in Hitachi’s international transportation portfolio.
  • In Feb 2020: ENSCO’s Rail Division expanded its roots by opening a new office in downtown Colorado. This expansion will support ENSCO’s railway research, condition assessment, asset management, and cyber security business segments, developing on ENSCO’s expanding presence in Colorado

Segments covered in the Report:

The global Railway Cybersecurity Market has been segmented on the basis of Type, Application, Security Type, and regions. Based on Type, the market is segmented into Infrastructure and On-board. Based on Application, the market is segmented into Passenger Trains and Freight Trains. Based on Security Type, the market is segmented into Application Security, Network Security, Data Protection, Endpoint Security and System Administration.

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Market Segmentation

Global Railway Cybersecurity Market by Type

• • Infrastructure
  • On-board

Global Railway Cybersecurity Market by Application

• • Passenger Trains
  • Freight Trains

Global Railway Cybersecurity Market by Security Type

• • Application Security
  • Network Security
  • Data Protection
  • Endpoint Security
  • System Administration

Global Railway Cybersecurity Market by Region

• • North America Railway Cybersecurity Market (Option 1: As a part of the free 25% customization)

    • North America Railway Cybersecurity Market by Type
    • North America Railway Cybersecurity Market by Application
    • North America Railway Cybersecurity Market by Security Type
    • US Railway Cybersecurity Market All-Up
    • Canada Railway Cybersecurity Market All-Up

  • Europe Railway Cybersecurity Market (Option 2: As a part of the free 25% customization)

    • Europe Railway Cybersecurity Market by Type
    • Europe Railway Cybersecurity Market by Application
    • Europe Railway Cybersecurity Market by Security Type
    • UK Railway Cybersecurity Market All-Up
    • Germany Railway Cybersecurity Market All-Up
    • France Railway Cybersecurity Market All-Up
    • Spain Railway Cybersecurity Market All-Up
    • Rest of Europe Railway Cybersecurity Market All-Up

  • Asia-Pacific Railway Cybersecurity Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Railway Cybersecurity Market by Type
    • Asia-Pacific Railway Cybersecurity Market by Application
    • Asia-Pacific Railway Cybersecurity Market by Security Type
    • China Railway Cybersecurity Market All-Up
    • India Railway Cybersecurity Market All-Up
    • Japan Railway Cybersecurity Market All-Up
    • Rest of APAC Railway Cybersecurity Market All-Up

  • RoW Railway Cybersecurity Market (Option 4: As a part of the free 25% customization)

    • RoW Railway Cybersecurity Market by Type
    • RoW Railway Cybersecurity Market by Application
    • RoW Railway Cybersecurity Market by Security Type
    • Brazil Railway Cybersecurity Market All-Up
    • South Africa Railway Cybersecurity Market All-Up
    • Saudi Arabia Railway Cybersecurity Market All-Up
    • UAE Railway Cybersecurity Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Railway Cybersecurity Market All-Up

Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • ABB Group
  • Siemens
  • Nokia
  • Cisco Systems, Inc.
  • IBM Corporation
  • Tech Mahindra Limited.
  • Toshiba Corporation
  • Huawei Technologies Co., Ltd.
  • Hitachi, Ltd.
  • Ensco, Inc.