Global $12.6 Bn Railway Cybersecurity Market to 2027 – Major Players are Thales, Alstom, Siemens, Bombardier, and Nokia Networks

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The “Railway Cybersecurity Market by Type (Infrastructural and Onboard), Solutions and Services, Security Type (Network, Application, End Point, System Administration, and Data Protection), and Region – Global Forecast to 2027”

The Global Railway Cybersecurity Market is Estimated to Grow at a CAGR of 9.8% From USD 6.0 Billion in 2019 to USD 12.6 Billion by 2027.

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Increase in user preference for urban transportation and growing demand for convenient transport to fuel the demand for railway cybersecurity

Major factors driving the railway cybersecurity market include the adoption of IoT as well as automation technologies to enhance efficiency in the optimization of railways and an increasing number of government initiatives and PPP models for modernization of railways. However, the capital-intensive nature of implementing connected technology is inhibiting the growth of the railway cybersecurity market.

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Railway cybersecurity refers to the body of technologies, processes, and practices designed to protect networks, devices, programs, and data transferred within or outside a vehicle. Railway applications such as train tracking & monitoring, railway signaling system, and onboard control systems are prone to attacks, damages, or unauthorized access from external entities. Railway cybersecurity also refers to the security of railway by two types, namely, infrastructural solution and onboard solution.

The continuous innovations in existing technology have contributed to environmental efficiency, security and safety, and intellectual mobility. The safety and control technology presently used in the railway industry includes positive train control (PTC), computer-based train control (CBTC), and automated train control (ATC). CBTC is usually combined with ATC and PTC to enhance safety and security. CBTC was first used in Europe in the late 1960s and gained popularity worldwide by the 1980s. PTC has been widely used in the US due to a government mandate to install PTC on all rail lines in the country by December 2019.

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Some of the major players in the railway cybersecurity market are Thales (France), Alstom (France), Siemens (Germany), Bombardier (Canada), and Nokia Networks (Finland). These players have long-term supply contracts with leading service operators. These companies have adopted the strategies of new product developments, acquisitions, agreements, collaborations, expansions, joint ventures, partnerships, and supply contracts to gain traction in the railway cybersecurity market.

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