17 March 2021
Visiongain has published a new report on Railway Cyber Security Market Report to 2031: Forecasts by Security Type (Data Protection, End Point Protection, Network Security, Application Security and System Administration), by Type (On-board and Infrastructural), by Component (Firewall, Risk and Threat Assessment, Support and Maintenance, Antivirus/Malware, Solutions, Encryption, Services, IDS/IPS, Risk and Compliance, Design and Implementation and Others) and by Region PLUS Profiles of Leading Railway Cybersecurity Manufacturing Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Global Railway Cybersecurity market was valued at US$ xx billion in 2019 and is projected to reach at a market value of US$ xx billion by 2031. The Railway Cybersecurity faced some of the attacks like ransomware, advanced malware and other advanced persistent threats. Number of attacks has increased in past few years due to increase end points due to which railways were facing security and data protection/privacy issues. Therefore the demand of Cybersecurity has increased to protect the data and documents of railways.
COVID-19 Impact on Railway Cybersecurity Market
Impact on economies due to Covid-19 has reduced the growth of railway Cybersecurity market in previous quarters. However, the markets are improving due to timely prevention measures taken by government and businesses.
Increasing number of cyber threats are itself a key driver for the market. As more will be the number of cyber attacks the more will be the protection required. Growing demand of IoT and Cloud based data protection is becoming a necessity for the businesses. Another key driver is huge investment in railway infrastructure, which means huge data set and documents which need to be protected.
Development of Cyber threat protection, Cloud Solutions and Antivirus/malware protection applications are the opportunity for the Cybersecurity market. Spreading awareness about importance of data protection and information security will prevent the railway to hamper their sensitive information. Cybersecurity market is expected to grow quickly. Information like ticketing, passenger details and rail routes data assortment are need to protected. This is a massive market to focus on for better future.
The global Railway Cybersecurity market is dominated by big players such as Thales, Alstom, Siemens, General Electric, Bombardier, Nokia Networks, Hitachi, IBM, Cisco, and United Technologies. These companies have secured their position in the market to offer wide range of advanced assistance systems. The key strategies adopted by these companies is to sustain their market position are new technology, new product development, Contract agreement and Collaborations.
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