Railway Cybersecurity Market Worth $13.7 Billion, Globally, by 2028 at 10.7% CAGR | The Insight Partners

NEW YORK, Oct. 28, 2022 /PRNewswire/ -- The Insight Partners published latest research study on "Railway Cybersecurity Market Size, Share, Revenue, Growth Strategy, Industry Trends and Forecast to 2028 – COVID-19 Impact and Global Analysis – by Offering, Security Type, Type, Application, and Geography," the global railway cybersecurity market size is projected to grow from USD 7.46 billion in 2022 to USD 13.76 billion by 2028; it is estimated to grow at a CAGR of 10.7% from 2022 to 2028.

Download Sample PDF Brochure of Railway Cybersecurity Market Size - COVID-19 Impact and Global Analysis with Strategic Insights at: https://www.theinsightpartners.com/sample/TIPRE00007050/

Global Railway Cybersecurity Market Report Scope, Segmentations, Regional & Country Scope:

Browse key market insights spread across 195 pages with 162 list of tables & 108 list of figures from the report, "Railway Cybersecurity Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Offering [Solution (Risk and Compliance Management, Encryption, Firewall, Antivirus/Antimalware, Intrusion Detection/Intrusion Prevention, and Others) and Services], Security Type (Application Security, Network Security, Data Protection, Endpoint Security, and System Administration), Type [Operational Technology (OT) and Information Technology (IT)], and Application (Passenger Trains and Freight Trains)" in detail along with the table of contents: https://www.theinsightpartners.com/reports/railway-cyber-security-market

Global Railway Cybersecurity Market: Competitive Landscape and Key Developments

Cisco Systems, Inc.; IBM Corporation; Thales Group; Siemens AG; Hitachi, Ltd.; ENSCO, Inc.; RazorSecure Limited; Alstom SA; Irdeto; and Raytheon Technologies Corporation are among the leading players profiled in the railway cybersecurity market report. Several other essential market players were analyzed for a holistic view of the market and its ecosystem. The report provides detailed market insights, which help the key players strategize their growth. A few developments are mentioned below:

In 2020, Societe du Grand Paris selected Nokia and ENGIE Solutions for the deployment of an industrial-grade LTE private wireless network in automated lines of the Grand Paris Express metro. These solutions also include cyber-security offered by Nokia to railway systems.

In 2021, Razorsecure has formed partnership with Comtest Wireless to offer rail infrastructure, track, telecoms, signalling and rolling stock assets a range of cybersecurity solutions.

In 2022, RazorSecure and Birmingham Centre for Railway Research and Education signed memorandum of understanding (MOU) to leverage monitoring solutions for railway cybersecurity across UK and EU railways.

Growing Adoption of Smart Mobility Solutions in Railways:

Digitalization implies several challenges, including complex software and technology, security concerns, budget constraints, and many concerns regarding the ability to meet the needs of economy and society. Transportation modes, including railways and airports, are the most important pillars of a nation's economic development. The railway industry has grown in its all-business areas, such as manufacturing, infrastructure management, and transport operations. Various governments across the world established smart city programs. For instance, in 2020, the Indian government announced a plan to develop 100 smart cities under its Smart Cities Mission over the next few years. The smart city program consists of transportation infrastructure enhancement and focuses on speeding up the public transit operations. Singapore's government is implementing 5G technology in transportation under its Smart Nation Vision. Thus, smart city initiatives drive the railway cybersecurity market growth.

Inquiry Before Purchase: https://www.theinsightpartners.com/inquiry/TIPRE00007050/

The merger, acquisition, and collaboration between several stakeholders, including telecommunication firms, infrastructure providers, service providers, manufacturers, and government bodies, is necessary to adopt smart railways systems. In 2021, Siemens acquired Padam Mobility, a tech firm that offers platforms and applications powered by AI for on-demand and paratransit services. The acquisition expands Siemens Mobility's multimodal transportation-focused portfolio of intelligent infrastructure. In Russia, businesses and first-class passengers travelling by the high-speed SAPSAN train service connecting Moscow to Saint Petersburg can use the internet and a portal that can access films, music, audiobooks, and magazines. Additionally, the portal provides information about cultural events in both cities, virtual train tours, online courses, and railway information. These developments are well-synchronized and matched to expedite the adoption of smart solutions in railways. Therefore, the advancement of smart mobility solutions in the railway sector fuels the railway cybersecurity market growth.

Europe is one of the most important railway cybersecurity markets. Horizon 2020 is one of the key initiatives in the region comprising the implementation of digitization and cybersecurity in the rail sector. Modern trains consist of sophisticated technologies that need an active internet connection to operate and receive signals to and from the control station. If a hacker discovers a vulnerability, it is easy to hack the system. For instance, in 2022, a cyberattack targeted Ferrovie Dello Stato Italiane (FS), Italy's national railway company. The freight transport by rail was suspended temporarily due to cyberattacks. Further, in 2021, new self-service ticket machines of Northern Rail, one of the UK's local railway systems covering the north of England, were targeted by a suspected ransomware cyber-attack. Such incidents signify that rail infrastructure requires reliable and robust railway communications network security with new technologies and process measures. Cybersecurity will make the framework simple and versatile in the railway industry and make innovative advances. It can give information assurance, application security, and framework administration. Thus, all these factors are likely to boost the regional railway cybersecurity market growth during the forecast period.

Speak to Research Expert: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00007050

Global Railway Cybersecurity Market: Industry Overview

The railway cybersecurity market is segmented on the basis of offering, security type, type, application, and geography. Based on offering, the railway cybersecurity market is bifurcated into solutions and services. The railway cybersecurity market for the solutions segment is further segmented into risk and compliance management, encryption, firewall, antivirus/antimalware, intrusion detection/intrusion prevention system, and others. In terms of security type, the railway cybersecurity market is segmented into application security, network security, data protection, endpoint security, and system administration. Based on type, the railway cybersecurity market is bifurcated into operational technology (OT) and information technology (IT). By application, the railway cybersecurity market is segmented into passenger trains and freight trains. Based on geography, the railway cybersecurity market is segmented into North America (the US, Canada, and Mexico), Europe (Austria, Italy, Poland, Switzerland, Sweden, Norway, Denmark, the Netherlands, Finland, Spain, Baltics, and Rest of Europe), Asia Pacific (Australia, Japan, South Korea, Taiwan, and Rest of APAC), Middle East & Africa (Saudi Arabia, UAE, South Africa, and Rest of MEA), and South America (Brazil, Argentina, and Rest of SAM).

Asia Pacific is another promising region in the railway cybersecurity market. The railway cybersecurity market growth in the region is driven by the increasing penetration of advanced technologies, rising GDP of countries, stable economic growth, and emerging markets. Further, the increasing number of railway projects in various Asia Pacific counties is expected to propel the demand for railway cybersecurity solutions and services in the coming years. Governments of APAC are implementing various smart city initiatives to provide better transport infrastructure and speed up public transit operations. For instance, the Singaporean government is integrating digital technology into the transportation sector. Furthermore, in 2020, the Indian government pledged to build 100 smart cities in the next few years. The smart city initiatives are expected to boost market growth as transportation is considered one of the key pillars of the country's economic development. Government agencies have adopted a public–private partnership (PPP) model that allows private companies to implement and fund transportation projects in government smart rail initiatives. The initiatives taken at the national level are expected to drive the growth of the regional railway cybersecurity market during the forecast period. Further, rising government rules regarding passenger safety and increasing digitized and connected infrastructure are among the other factors driving the railway cybersecurity market expansion.

Quickly Purchase Premium Copy of Railway Cybersecurity Market Growth Report (2022-2028) at: https://www.theinsightpartners.com/buy/TIPRE00007050/ 

Go through further research published by The Insight Partners:

Left Ventricular Assist Device Market - The global left ventricular assist device market size was expected to reach US$ 1,272.08 million in 2021 & it is expected to grow at a CAGR of 5.1% from 2022 to 2028.

Coconut Candy Market - The global coconut candy market size is expected to grow from US$ 1,364.87 million in 2022 and it is expected to grow at a CAGR of 5.5% from 2022 to 2028.

Medical Device Coating Market - The global medical device coating market size was expected to reach US$ 7,644.09 million in 2021 and it is estimated to grow at a CAGR of 7.7% from 2022 to 2028.

Travel and Expense Management Software Market - The global travel and expense management software market size is projected to grow from US$ 3,320.02 million in 2022 & it is estimated to grow at a CAGR of 8.0% from 2022 to 2028.

Influenza Vaccines Market - The global influenza vaccines market size was valued at US$ 7,478.53 million in 2021 and it is expected to grow with a CAGR of 7.4% from 2022 to 2028.

Overactive Bladder Treatment Market - The global overactive bladder treatment market size is expected to grow from US$ 4,295.93 million in 2021 & It is estimated to grow at a CAGR of 3.1% from 2022 to 2028.

Lipidomics Equipment Market – The global lipidomics equipment market size was valued at US$ 1,025.38 million in 2021 and it is expected to grow at a CAGR of 14.7% from 2022 to 2028.

Spiral Membrane Market – The global spiral membrane market size is expected to grow from US$ 7.6 billion in 2022 to US$ 14.2 billion in 2028 with an estimated CAGR of 10.9% from 2022 to 2028.    

Thermal Interface Materials Market - The global thermal interface materials market size is expected to grow from US$ 2.9 billion in 2021 to US$ 6.5 billion by 2028 at a CAGR of 11.3% between 2022 and 2028.

High Purity Alumina Market - The global high purity alumina market size is expected to grow from US$ 2.1 billion in 2021 to US$ 5.5 billion by 2028 at a CAGR of 15.1% between 2022 and 2028.

Battery Separators Market - The global battery separators market size is expected to grow from US$ 5.6 billion in 2022 to US$ 9.5 billion by 2028; it is estimated to grow at a CAGR of 9.0% between 2022 and 2028.

Automotive Foam Market – The global automotive foam market size is expected to grow from US$ 56.6 billion in 2021 to US$ 109.5 billion by 2028 at a CAGR of 9.3% between 2022 and 2028.

Wind Energy Market - The global wind energy market size is expected to grow from US$ US$ 156.8 billion in 2021 and it is anticipated to grow at a CAGR of 5.0% from 2022 to 2028.

Maritime Information Market - The global maritime information market size was valued at US$ 1,882.01 million in 2021 and it is expected to grow at a CAGR of 6.2% from 2022 to 2028.

Print Management Software Market - The global print management software market size is projected to grow from US$ 2,000.99 million in 2022, it is estimated to grow at a CAGR of 15.2% from 2022 to 2028.

Diabetes Therapeutics Market - The global diabetes therapeutic market size is expected to grow from USD 58.46 billion in 2021 to USD 91.73 billion by 2028, with an estimated CAGR of 6.8% from 2022 to 2028.

LED Lighting Market - The global LED lighting market size is expected to grow from US$ 57.5 billion in 2021 and it is expected to grow at a CAGR of 10.7% from 2022 to 2028.

Molded Interconnect Devices Market - The global molded interconnect device (MID) market size is expected to grow from US$ 1,203.5 million in 2021 to US$ 2,711.9 million by 2028 at a CAGR of 14.5% from 2022 to 2028.

Digital Education Market - The global digital education market size is expected to grow from US$ 11.62 billion in 2021 to US$ 54.95 billion by 2028 at a CAGR of 26.1% between 2022 and 2028.

Biometric System Market - The global biometric system market size is expected to grow from US$ 43 billion in 2021 to US$ 85 billion by 2028 at a CAGR of 14.5% between 2022 and 2028.

Wifi-as-a-Service Market - The global wi-fi as a service market size is projected to grow from US$ 3.66 billion in 2021 to US$ 13.34 billion by 2028; it is expected to grow at a CAGR of 19.5% during 2022–2028.

Sound Recognition Market - The global sound recognition market size is projected to grow from US$ 3.84 billion in 2021 to US$ 9.70 billion by 2028; it is expected to grow at a CAGR of 14.5% from 2022 to 2028.

Network Transformation Market - The global network transformation market size is expected to grow from US$ 19.27 billion in 2021 to US$ 175.34 billion by 2028 at a CAGR of 40.6% between 2022 and 2028.

Molded Interconnect Devices (MID) Market - The global molded interconnect device (MID) market size is expected to grow from US$ 1,203.5 million in 2021 to US$ 2,711.9 million by 2028 at a CAGR of 14.5% from 2022 to 2028.

Data Collection and Labeling Market - The global data collection and labeling market size is expected to grow from US$ 1.82 billion in 2021 to US$ 9.07 billion by 2028 at a CAGR of 27.2% between 2022 and 2028.

Customer Data Platform Market - The global customer data platform market size is expected to grow from US$ 2,672.5 Mn in 2021 to US$ 14,847.1 Mn by 2028 at a CAGR of 28.2% between 2022 and 2028.

Vehicle Tracking Systems Market - The global vehicle tracking systems market size is expected to grow from US$ 13.67 billion in 2021 to US$ 23.70 billion by 2028; it is expected to grow at a CAGR of 8.7% from 2022 to 2028.

Autonomous Last Mile Delivery Market - The global autonomous last mile delivery market size is expected to grow from US$ 57.67 billion in 2021 to US$ 68.95 billion by 2028; it is expected to register a CAGR of 3.0% from 2022 to 2028.

ISDN Modem Market - The global ISDN modem market size was valued US$ 982.97 thousand in 2022, it is estimated to register a CAGR of -80.6% from 2022 to 2024.

Semiconductor Bonding Market - The global semiconductor bonding market size was valued US$ 669.48 million in 2022, it is estimated to grow at a CAGR of 8.2% from 2022 to 2028.

Recycled Ocean Plastics Market - The global recycled ocean plastics market size was valued at US$ 14,432.91 million in 2022, it is expected to grow at a CAGR of 8.5% from 2022 to 2028.

EDM Wire Market - The global EDM wire market size is expected to grow from US$ 1,497.50 million in 2022, it is estimated to grow at a CAGR of 7.6% from 2022 to 2028.

Seam Welding Machine Market - The global seam welding machine market size was valued US$ 1,142.87 million in 2022, it is estimated to grow at a CAGR of 4.0% from 2022 to 2028.

Electric Coolant Pump Market - The global electric coolant pump market size was valued US$ 467.46 million in 2022, it is estimated to grow at a CAGR of 16.8% from 2022 to 2028.

Smart Manufacturing Market - The global smart manufacturing market size was valued US$ 258.72 billion in 2022, it is estimated to grow at a CAGR of 6.0% from 2022 to 2028.

Respiratory Care Devices Market - The global respiratory care devices market size is expected to grow from US$ 18,114.31 million in 2021 to US$ 32,761.82 million by 2028; it is estimated to register a CAGR of 8.9% from 2021 to 2028.

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/railway-cyber-security-market

Logo: https://mma.prnewswire.com/media/1586348/The_Insight_Partners_Logo.jpg