Europe Railway Cyber Security Market
Cyber-Attack Surge and Regulatory Support to Drive Market Growth from 2020 to 2027
A recent market research report titled “Europe Railway Cyber Security Market to 2027 – Regional Analysis and Forecast by Component, Type, Security Type” projects that the market will grow from US$ 2,358.1 million in 2019 to US$ 4,400.3 million by 2027, registering a compound annual growth rate (CAGR) of 8.3% during the forecast period. The study highlights key market trends, growth drivers, and challenges influencing the market landscape.
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The increasing digitalization of railway systems, coupled with the rising complexity and frequency of cyber-attacks, is significantly contributing to the market’s expansion. However, a shortage of skilled cybersecurity professionals may pose a challenge to sustained growth in the region.
The European railway cyber security market is segmented by component, type, security type, and country:
- By Component: The market is divided into solutions and services. In 2019, the solutions segment held the dominant share.
- By Type: It is categorized into infrastructural and on-board systems. The infrastructural segment is expected to register the fastest growth over the forecast period.
- By Security Type: This includes network security, application security, data protection, endpoint security, and others. Among these, network security accounted for a significant market share in 2019.
Leading players in the European railway cyber security market include Capgemini SE, Cisco Systems, Inc., Collins Aerospace, Hitachi, Ltd., Huawei Technologies Co., Ltd., IBM Corporation, Nokia Corporation, Selectron Systems AG, Siemens AG, and Thales Group. These companies are leveraging strategic initiatives such as product launches and geographic expansions to maintain their competitive edge. For example, in 2017, Siemens introduced Digital Rail Services in the US, integrating intelligent sensors and advanced software platforms, with enhanced cybersecurity and consulting services as key offerings.
Overall, regulatory support, technological advancements, and growing threats are set to shape the future of the railway cyber security market in Europe.
Market Introduction
Most digital transformation applications in railways are based on IP technologies and some of the common areas where digitization is being applied in railways include train control, maintenance monitoring, signaling control, passenger information systems, and video protection. With its numerous benefits, digital transformation is also increasing the vulnerability of railways to various kinds of cyber-attacks. A huge IP traffic flows through the communications networks on a daily basis and such networks are targeted by cyber criminals to attack the railway infrastructure. Hence, the demand for robust cyber security solutions and services is growing at an unprecedented rate to safeguard critical railways infrastructure from cyber threats.
Europe Railway Cyber Security Strategic Insights
Strategic insights for the Europe Railway Cyber Security provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Europe Railway Cyber Security Report Scope
| Report Attribute | Details |
| Market Size (2019) | US$ 2,358.1 Million |
| Market Size (2027) | US$ 4,400.3 Million |
| CAGR (2020–2027) | 8.3% |
| Historical Data | 2017–2018 |
| Forecast Period | 2020–2027 |
| Segments Covered | Component, Type, Security Type |
| By Component | Solution, Services |
| By Type | Infrastructural, On-Board |
| By Security Type | Network, Application, Data, Endpoint Security |
| Regions Covered | Europe (UK, Germany, France, Russia, Italy, Rest of Europe) |
| Key Companies | Capgemini, Cisco, Collins Aerospace, Hitachi, Huawei, IBM, Nokia, Selectron, Siemens, Thales |
Europe Railway Cyber Security Regional Insights
The geographic scope of the Europe Railway Cyber Security refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Market Overview and Dynamics
The railway cyber security market in Europe is expected to grow from US$ 2,358.1 million in 2019 to US$ 4,400.3 million by 2027; it is estimated to grow at a CAGR of 8.3% from 2020 to 2027.The increasing number and complexities of cyberattacks is driving the growth of railway cyber security market across the region.However, the lack of skilled workforce is a hindering factor to the railway cyber security market growth. Further, the growing demand for cloud integration is creating business opportunities for companies operating in the market to gain a significant share of railway cyber security market.
Key Market Segments
In terms of type, theinfrastructuralsegment accounted for the larger share of the Europerailway cyber security marketin 2019. In terms of component, the solution segment held a larger market share of therailway cyber security marketin 2019. Further, in terms of security, the network securitysegment held a larger share of the market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred while preparing this report on the railway cyber security marketin Europeare company websites, annual reports, financial reports, national government documents, statistical database, and among others. Capgemini SE, Cisco Systems, Inc.,Selectron Systems AG, Collins Aerospace, Hitachi, Ltd., Huawei Technologies Co., Ltd., IBM Corporation, Nokia Corporation, Siemens AG, and Thales Group are some of the major companies listed in the report.
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- Obtain market revenue forecast for market by various segments from 2020 to 2027 inEuroperegion
EUROPERAILWAY CYBER SECURITY MARKET SEGMENTATION
| Category | Segments |
| By Solution | Solutions, Services |
| By Type | Infrastructural, On-Board |
| By Security Type | Network Security, Application Security, Data Protection, End Point Security, Others |
| By Country | Germany, France, Italy, UK, Russia, Rest of Europe |
| Key Companies Mentioned | Capgemini SE, Cisco Systems, Collins Aerospace, Hitachi, Huawei, IBM, Nokia, Selectron Systems, Siemens, Thales |
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