The global railway cybersecurity market is expected to reach USD 10.6 billion by 2027, growing at a CAGR of 9.4% from USD 6.2 billion in 2021.
Countries and original equipment manufacturers (OEMs) are recognizing the importance of developing railway infrastructure for economic growth, leading to significant investments in railway cybersecurity infrastructure. For example, Wabtec introduced innovative offerings in 2019 to modernize locomotives, including fuel-saving engine upgrades and next-generation control systems. Countries are also focusing on adopting advanced technologies and conducting research and development to address future mobility challenges in rail infrastructure.
The European region has the highest number of players in the railway cybersecurity market, with companies like Thales Group, Siemens AG, Alstom, and Nokia Networks holding a major share. Rail operators are replacing legacy technologies with advanced train-control and signaling systems to enhance safety and convenience.
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In terms of type, the on-board railway cybersecurity segment is expected to hold a larger market share during the forecast period. The increasing number of rapid railways equipped with advanced on-board systems, such as infotainment systems and IP cameras, drives the demand for cybersecurity solutions to protect against cyberattacks.
Data protection is projected to be the largest segment by security type, focusing on securing critical databases and maintaining data confidentiality, integrity, and availability. Cybersecurity incidents in the railway industry, such as malware attacks on manufacturers and data breaches on booking platforms, drive the adoption of data protection solutions.
The Asia Pacific region is expected to be the fastest-growing market for railway cybersecurity. Factors driving growth include the adoption of advanced technologies, rising GDPs, and emerging economies. China, India, Japan, and other countries in the region offer significant market potential. The logistics sectors in India and China, in particular, are undergoing disruption with robust economic growth and technological advancements.
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Major players in the railway cybersecurity market, including Thales Group, Siemens AG, Alstom, Wabtec, and Nokia Networks, are analyzed in the report and play significant roles in the market.
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