Railway Cybersecurity Market Share, Size, Trends, Industry Analysis Report, By Offering, By Security (Application Security, Network Security, Data Protection, Endpoint Security, System Administration), By Type, By Rail Type, By Region, Segment Forecast, 2

The global railway cybersecurity market size is expected to reach USD 21.59 billion by 2034 according to a new study by Polaris Market Research. The report “Railway Cybersecurity Market Share, Size, Trends, Industry Analysis Report, By Offering, By Security (Application Security, Network Security, Data Protection, Endpoint Security, System Administration), By Type, By Rail Type, By Region, Segment Forecast, 2025 - 2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The surge in demand for the freight and passenger capacity and escalating cases of cyber-attacks are primarily attributed to the industry growth. In addition, the rising numbers of smart city initiatives by the various governments are also supporting global industry development. Moreover, incorporating multiple novel technologies like IoT technology and AI, tied with the increasing demand for cloud-based services, further stimulates the industry demand in the forthcoming years.

Based on the type, the onboard train segment holds the largest revenue in the global industry in 2021 and is expected to grow at the highest CAGR in the forthcoming years. The most developed service or solution set facilitates safety, enhanced operation performance, and system administration.

The growing demand for cloud-based services across various sectors uplifts the industry demand globally because of their competent IT management and reliable security environment. Industry participants such as Alstom, ABB, BAE Systems, Cervello, Bombardier, Cisco Systems, Inc., General Electric, Cylus Ltd., Hitachi Ltd., International Business Machine Corporation, Huawei Technologies Co., Ltd., Nokia Corporation, Siemens AG, Thales Group, Raytheon Technologies Corporation, and Webtec Corporation are some of the key players operating in the global industry.

Several industry players are taking strategies moves such as mergers and acquisitions to intensify their business growth. For instance, Siemens declared the acquisition of RailTerm- a Canada-based rail service provider- in May 2021. The objective of the acquisition is to assist the company in developing its product portfolio with electrification, on-ground track and signaling, and communication systems.

Polaris Market research has segmented the railway cybersecurity market report on the basis of offering, security, type, rail type, and region:

By Offering Outlook (Revenue - USD Billion, 2020 - 2034)

Solutions

Risk and Compliance Management

Encryption

Firewall

Antivirus/Antimalware

Intrusion Detection System/Intrusion Prevention System

Others

Services

Design and Implementation

Risk and Threat Assessment

Support and Maintenance

Others

By Security Type Outlook (Revenue - USD Billion, 2020 - 2034)

Application Security

Network Security

Data Protection

Endpoint Security

System Administration

By Type Outlook (Revenue - USD Billion, 2020 - 2034)

Infrastructure

On-board

By Rail Type Outlook (Revenue - USD Billion, 2020 - 2034)

Conventional Passenger Trains

Urban Transit

High-Speed Rail

By Regional Outlook (Revenue - USD Billion, 2020 - 2034)

North America

U.S.

Canada

Europe

Germany

UK

Italy

France

Spain

Austria

Netherlands

Asia Pacific

China

Japan

India

Indonesia

Malaysia

South Korea

Latin America

Brazil

Argentina

Mexico

Middle East & Africa

Israel

Saudi Arabia

South Africa

UAE Show more