The global railway cybersecurity market is anticipated to grow at a significant CAGR of 9.7% during the forecast period. The factor that drives the global railway cybersecurity market during the forecast period due to the growing number of railway cyber-attacks and data leakages across the globe. For instance, in March 2022, Italy’s national railway company Ferrovie Dello Stato Italiane (FS) was hit by a cyber attack. As a result of this, the trains were halted for a whole day as the IT systems of Italianrail infrastructure were hacked. Automated and sophisticated cyberattacks are becoming more frequent as technology advances, thus railway operators are increasingly adopting cybersecurity solutions and services to combat them.
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The COVID-19 pandemic has harmed global railway cybersecurity market growth, as several railway component manufacturers and solution providers have announced discontinuing their production and service due to a decrease in demand-supply chain bottlenecks. For instance, in November 2021, Harsco Corp. reported third-quarter results for FY2021. Further, through the report, the company announced exploring strategic alternatives for the rail business in the first half of 2022, to sell the business. The requirement for mass transit and rolling stock will diminish, further impacting the delay in deploying cyber security projects on the rail.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Railway Cybersecurity Market by Security Type
- Application Security
- Network Security
- Data Protection
- Endpoint Security
- System Administration
Global Railway Cybersecurity Market by Type
- Infrastructure
- On-board
Global Railway Cybersecurity Market by Application
- Passenger Trains
- Freight Trains
Global Railway Cybersecurity Market by Rail Type
- Conventional Passenger Trains
- Urban Transit
- High-Speed Rail
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Bombardier Inc.
- Cervello Ltd.
- Cisco Systems, Inc.
- CRITIFENCE Technologies Ltd.
- Cylus Ltd.
- Expandium
- General Electric Co.
- Hitachi Ltd.
- Huawei Technologies Co., Ltd.
- IBM Corp.
- Indian Cyber Security Solutions
- Irdeto B.V.
- Raytheon Technologies Corp.
- Shift5, Inc.
- Toshiba Corp.
The Report Covers
- Market value data analysis of 2021and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global railway cybersecurity market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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