Global Railway Cybersecurity Market is segmented further based on Type, Components, Security Type, Application, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Global Railway Cybersecurity Market is segmented further based on Type, Components, Security Type, Application, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Introduction

The Global Railway Cybersecurity Market is estimated to be USD 6.94 Bn in 2021 and is expected to reach USD 11.03 Bn by 2026, growing at a CAGR of 9.7 %.

Market Dynamics

Increasing the threats of cybercrime is creating the need for cybersecurity in railway and, therefore, driving the market's growth. Railways are also adopting IoT and automation technologies to ensure cybersecurity which is booming the market. New insurance policies will cover new areas such as extortion through ransomware, loss of customer data, and system breakdown emergencies, which will ultimately contribute to the market's growth. Increasing demand for cloud-based services is the future opportunity in this market.
However, the slow pace of cybersecurity advancements in developing economies is hampering the market's growth. The two major challenges the Global Railway Cybersecurity Market faces are securing the system-generated data and the shortage of cybersecurity expertise for proactive strategic planning.

Market Segmentation

The Global Railway Cybersecurity Market is segmented further based on Type, Components, Security Type, Application, and Geography.

By Type, the market is classified as Infrastructural and On-Board.

By Components, the market is classified as Solution and Services.

By Security Type, the market is classified as Application Security, Network Security, Data Protection, End Point Security, and System Administration.

By Application, the market is classified as Passenger Trains and Freight Trains.

By Geography, America is projected to lead the market

Recent Developments

1. Alstom went into the agreement with Cylus to invest USD 7 million in Cylus, thus acquiring a minority stake in the company. Together, Alstom and Cylus combined will integrate cybersecurity technology into railway processes, components, and solutions. – 9th December 2020
2. Nokia has been chosen by WESTbahn, an Austrian rail operator to create a secure, high-performance and high-bandwidth train-to-ground communications solution across the new WESTbahn's fleet of intercity trains. Nokia has committed to supply, deploy and maintain Wi-Fi access points, intelligent multi-path switching and control systems at Operations Control Center (OCC) of WESTbahn's. The Nokia solution will ensure enhanced customer experience with continuous, resilient wireless broadband connectivity for passengers and on-board operations across the WESTbahn fleet. -13th January 2021

Company Profiles

Some of the companies covered in this report are Thales Group, Alstom, Siemens, Nokia Networks, Hitachi, IBM,, Cisco, Huawei, Toshiba, Tech Mahindra, Capgemini, etc.

Countries Studied

America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

IGR Competitive Quadrant

The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

The report offers a comprehensive evaluation of the Global Railway Cybersecurity Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains the competitive analysis using IGR Positioning Quadrants, Infogence's Proprietary competitive positioning tool.

Report Highlights:

A complete analysis of the market, including parent industry
Important market dynamics and trends
Market segmentation
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market

Companies Mentioned
Companies Mentioned

ABB
Alstom
BAE Systems
Barbara
Bombardier
Capgemini
Cervello
Cisco
Cylus
ENSCO
General Electric
Hitachi
Huawei
IBM
Nokia Networks
Shift5
Siemens
Tech Mahindra
Thales Group
Toshiba
TUV Rheinland
Wabtec