Railway Cybersecurity Market Highlights:
A review of recent economic and technological trends has revealed that creating intelligent, environment-friendly, and user-friendly mobility systems is among the high-priority directions in the evolution of transport worldwide. Rail transport is recognized as a vital part of this process. Like with other industries, the rail transport industry has to change in order to stay competitive. Several new technologies have facilitated the digital transformation in the rail sector that includes the internet of things, cloud computing, big data and analytics, automation, and robotics. Railway systems must be protected against cyber-attacks to enable railways to take advantage of these latest technologies and applications.
Europe has a dominant share in the Railway Cybersecurity Market. The railway sector is an important component of the EU’s transportation system, enabling goods and people to move more quickly and cheaply. The past few years have been focused on implementing digital infrastructure and services to address market needs and facilitate new ways of working. The NIS Directive outlines security requirements that railway undertakings and infrastructure managers must comply with. Increased need to address the ongoing cyber incidents and sophisticated attacks are driving the Europe railway cybersecurity market.
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Railway Cybersecurity Market Key Players:
Key Findings Of The Study
- By Component, the solution segment is projected to dominate the railway cybersecurity market during the forecast period.
- On the basis of type, the on-board segment is anticipated to exhibit significant growth in the future.
- Depending on security type, the network security segment is anticipated to lead the global railway cybersecurity market.
- Region-wise, Europe is projected to lead the global railway cybersecurity market.
The key players operating in the global railway cubersecurity market include Thales Group, Siemens AG, Alstom, Wabtec Corporation, Hitachi, Ltd., Nokia Networks, IBM, Cisco Systems, Inc., Raytheon Technologies Corporation, Huawei Technologies Co., Ltd., and Toshiba Corporation.
Railway Cybersecurity Market Segmentation:
Among the type segments the on-board segment is expected to register highest CAGR during the forcast period. The fact that WiFi is everywhere means people are used to having it wherever they go. They rely on it to complete tasks like getting directions, checking emails and posting on social media, among others. Accurate data is paramount for railway companies, which means that cybersecurity breaches can lead to significant losses. On-board connectivity is next big thing to increase passenger travel and satisfaction by providing a service that enables working and socialising.
The rapid growth in urbanization and population, the development of rail networks and infrastructure construction in countries is booming. The Asia Pacific region includes some major markets like China, India, Japan, and the rest of Asia countries. The growth in railroad development will drive the railway cybersecurity market in this region. Key players in APAC include Hitachi Ltd., Huawei, Toshiba, and Tech Mahindra Ltd.
Adoption of advanced technologies that include the internet of things (IoT), artificial intelligence (AI), big data and analytics, augmented reality (AR), and virtual reality (VR) is Expected To Fuel The Growth of Railway cybersecurity Market During The Forecast Period 2028: MRFR: :
Pune, India, October 2021, MRFR Press Release/Market Research Future has published a Half-Cooked Research Report on the Global Railway Cybersecurity Market.
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Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
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