January 13, 2021
As cited by the business intelligence report titled ‘Global Railway Cyber Security Market Analysis, 2020’ available with Market Study Report LLC, global railway cyber security market is slated to grow with a robust CAGR of 9.5% during 2020-2025.
Increasing occurrence of cyber-attacks on railway infrastructure, rapid digitization, and rising adoption of automation as well as IoT (Internet of Things) technologies are bolstering the expansion of global railway cyber security market size.
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For the record, railway cyber security solutions are employed for safeguarding overall infrastructure, data, and digital resources from malware and cyber-attacks.
The report states that escalating demand for railway cyber-security as well as real-time monitoring of trains coupled with increasing risk of miscreants and hackers attacking the cyberspace using ransomware are further augmenting the industry growth.
Additionally, flourishing railway infrastructure, introduction of metros and high-speed rails, and surging adoption of cyberspace networks for storing passenger information are positively swaying the global railway cyber security market dynamics.
Based on type, the overall market is divided into on-board and infrastructural. With regards to security, the industry is segmented into end point security & system administration, data protection, network security, and application security.
Speaking of solutions & services, the market comprises of firewall, encryption, risk and compliance management, intrusion detection system/intrusion prevention system, antivirus/anti-malware, solutions, support and maintenance, risk and threat assessment, implementation, designs, and others.
Regionally, Asia-Pacific railway cyber security market is expected to amass lucrative gains over 2020-2025, owing to flourishing railway infrastructure and high concentration of OEMs in China.
Key participants of the industry include IBM Corporation, Toshiba Digital Solutions Corporations, General Electric Co., Thales Group, Huawei Technologies Co., Ltd., Cisco Systems, Inc., Siemens AG, Bombardier Inc., Hitachi, Ltd., and Alstom SA.