About Railway Cybersecurity
Railway cybersecurity is used to protect infrastructure, malware, digital resources, and data from cyber-attacks, ransomware, and others. Railway cybersecurity is necessary to secure infrastructure and organizational data from malicious threats. Additionally, the railway focus on the level of threat, and their vulnerabilities are defined by the authorities. Railway cybersecurity offers solutions and services to identify cyber-attacks and propose counter measurements through automated systems. Cybersecurity is a growing concern for the railway industry has led to significant growth of the global railway cybersecurity market in the forecast period.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that European Players will contribute the maximum growth to Global Railway Cybersecurity market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM (United States), Thales (France), Alstom (France), Siemens (Germany), Bombardier (Canada), Nokia Networks (Finland), Egis Group (France), Cylus Ltd (Israel), General Electric (Wabtec)(United States), Hitachi (Japan) and Cisco (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are United Technologies (Rockwell Collins), Huawei (China) and Cyient Limited (India).
Segmentation Overview
AMA Research has segmented the market of Global Railway Cybersecurity market by Type (Infrastructural and On-board) and Region.
On the basis of geography, the market of Railway Cybersecurity has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Design and Implementation will boost the Railway Cybersecurity market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solutions, the sub-segment i.e. Risk and Compliance Management will boost the Railway Cybersecurity market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Security Type, the sub-segment i.e. Network Security will boost the Railway Cybersecurity market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Application of Big Data Analytics and Cloud Computing in Railways and Increasing Adoption of IoT and Automation Technologies
Market Growth Drivers:
Growing Cybersecurity Threats and Rising Security Requirement for the Devices Such as IP Cameras, Passenger Information Display, Passenger Announcement, and Automatic Doors
Challenges:
Lack of Cybersecurity Working Professionals for Proactive Strategic Planning
Restraints:
Rising Threat for Security of Generated Data
Opportunities:
Increasing Demand for Cloud-Based Services
Market Leaders and their expansionary development strategies
On 6th June 2019, Cyient has announced a corporate venture investment in Cylus, a global leader in cybersecurity solutions for the rail industry. This investment is in line with the company’s focus on developing smarter and safer mobility solutions for the rail industry. It brings together Cyient’s leadership position in engineering solutions for rail and focuses on digitalization, with Cylus’ cybersecurity solutions developed specifically for the rail industry.
On 13th November 2020, Egis and Cylus have announced that they are joining forces to form a Center of Excellence for advanced, rail-focused, cybersecurity services. The Center of Excellence will support rail companies around the world in building cyber resiliency and securing critical networks.
Key Target Audience
Railway Cybersecurity Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.