DUBLIN--(BUSINESS WIRE)--The "Global Railway Cybersecurity Market (2021-2026) by Type, Components, Security Type, Application, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Railway Cybersecurity Market is estimated to be USD 6.94 Bn in 2021 and is expected to reach USD 11.03 Bn by 2026, growing at a CAGR of 9.7%.
Increasing the threats of cybercrime is creating the need for cybersecurity in railway and, therefore, driving the market's growth. Railways are also adopting IoT and automation technologies to ensure cybersecurity which is booming the market. New insurance policies will cover new areas such as extortion through ransomware, loss of customer data, and system breakdown emergencies, which will ultimately contribute to the market's growth. Increasing demand for cloud-based services is the future opportunity in this market.
However, the slow pace of cybersecurity advancements in developing economies is hampering the market's growth. The two major challenges the Global Railway Cybersecurity Market faces are securing the system-generated data and the shortage of cybersecurity expertise for proactive strategic planning.
The Global Railway Cybersecurity Market is segmented based on Type, Components, Security Type, Application, and Geography.
Countries Studied
- America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Railway Cybersecurity Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using IGR Positioning Quadrants, Infogence's Proprietary competitive positioning tool.
Market Dynamics
Drivers
- Increasing Cybersecurity Threats
- Government initiatives for Smart Cities and Digital Transportation
- Adoption of IoT and Automation Technologies
Restraints
- High Cost
- Slow Pace of Cybersecurity Advancements in Developing Economies
Opportunities
- Big Data Analytics and Cloud Computing in Railways
- Development on Connected Trains and Autonomous Train
Challenges
- Data Privacy and Security Concerns
- Shortage of Cybersecurity Expertise for Proactive Strategic Planning
Companies Mentioned
- ABB
- Alstom
- BAE Systems
- Barbara
- Bombardier
- Capgemini
- Cervello
- Cisco
- Cylus
- ENSCO
- General Electric
- Hitachi
- Huawei
- IBM
- Nokia Networks
- Shift5
- Siemens
- Tech Mahindra
- Thales Group
- Toshiba
- TUV Rheinland
- Wabtec
For more information about this report visit https://www.researchandmarkets.com/r/mzpwxh
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