What Has Been the Growth of the Railway Cybersecurity Market So Far?
The railway cybersecurity market has seen considerable growth due to a variety of factors.
• The size of the railway cybersecurity market has shown considerable growth in the past few years. It's forecasted to expand from $8.96 billion in 2024 to $9.77 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.1%.
The historical growth is largely attributable to various factors including increasing government initiatives, heightened levels of urbanization, a growing incidence of cyberattacks on rail networks, government-led efforts towards smarter railways, and ascending investments in the railway infrastructure.
What Are the Future Growth Projections for the Railway Cybersecurity Market?
The railway cybersecurity market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of railway cybersecurity is predicted to witness a robust growth in the upcoming years. The expectation is that it will escalate to $13.01 billion in 2029, with a compound annual growth rate (CAGR) of 7.4%.
The surge in growth during the forecast period can be credited to the escalating rate of cyberattacks, the rise in the incidences of data breaches or leaks, and a growing demand for passenger and freight capacity. Additionally, an increasing number of railway projects also contribute to the growth, along with a rising demand for services based on cloud computing. Significant trends during this forecast period encompass the integration of innovative technologies such as IoT and AI, technological advancements, various expansion strategies and joint ventures. Innovative digital technologies also play a crucial role, along with strategic alliances with rail operators and service providers.
What Are The Core Factors Supporting Growth In The Railway Cybersecurity Market?
The increasing incidents of cyberattacks are predicted to stimulate the expansion of the railway cybersecurity market. Cyberattacks refer to any deliberate, unauthorized attempt to compromise the confidentiality, integrity, or accessibility of computer systems, networks, or confidential data. Attacks on railway systems can disrupt crucial infrastructure, such as signaling, communication, and control systems. This interference can lead to delays, cancellations, and operational shutdowns, affecting both passenger and freight transportation services. Railway cybersecurity solutions protect crucial infrastructure, maintain operational continuity, and enhance passenger safety in the rail industry. They do this by implementing proactive security strategies, evaluating internal risks, and addressing underreporting problems. For example, the Australian Cyber Security Centre reported that they received 76,000 reports of cybercrime in 2022, which was a 13% increase from the previous year. Additionally, the US-based Anti-Phishing Working Group reported that the first quarter of 2022 saw 1,025,968 phishing attacks, a 15% increase from the fourth quarter of 2021, when 888,585 attacks were reported. Hence, the rise in cyberattacks is fueling the expansion of the railway cybersecurity market.
What Are The Major Segments Within The Global Railway Cybersecurity Market?
The railway cybersecurity market covered in this report is segmented –
1) By Type: Infrastructure, On-board
2) By Offering: Solutions, Services
3) By Security: Application Security, Network Security, Data Protection, Endpoint Security, System Administration
4) By Application: Passenger Trains, Freight Trains
Subsegments:
1) By Infrastructure: Trackside Security Systems, Signaling and Communication Systems Security, Train Control and Management System Security, Network Security (including railway data centers and servers), Passenger Information System Security, Electrification and Power Grid Security, Other Infrastructure Cybersecurity Solutions
2) By On-board: Train Control and Communication Systems Security, Passenger Wi-Fi Security, On-board Information System Security, Vehicle Network Security (e.g., connected train systems), On-board CCTV and Surveillance System Security, Cybersecurity for Automatic Train Operation (ATO), Other On-board Cybersecurity Solutions
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What Emerging Trends Are Influencing The Growth Of The Railway Cybersecurity Market?
Leading businesses in the railway cybersecurity market are pioneering advanced technological solutions, such as security platforms, to provide customers with enhanced features and secure a competitive advantage. These security platforms are holistic systems designed to safeguard digital assets, data, networks and infrastructure against cyber threats and security weaknesses. To illustrate, in May 2023, Cylus Ltd., an Israel-based company offering railway security solutions, introduced the Rail Tech Security Platform. This innovative cybersecurity solution is specifically developed for functional railway technology systems, delivering real-time visibility, resilience, and compliance for both rolling stock and trackside operations. The bespoke design of the Rail Tech Security Platform, adapted exclusively for railway transportation operators, sets it apart. Cylus suggests that this platform smoothly integrates with existing railway operations and cybersecurity systems. It's grouped under a specialised category aimed at providing railway operators with the context and guidance needed to proactively monitor and manage cybersecurity risks across all their operational rail technology environments.
Who Are the Key Players In The Railway Cybersecurity Market?
Major companies operating in the railway cybersecurity market are:
• Huawei Technologies Co. Ltd.
• Robert Bosch GmbH
• Siemens AG
• Hitachi Ltd.
• Raytheon Technologies Corporation
• General Electric
• International Business Machine Corporation
• Cisco Systems Inc.
• ABB Ltd.
• Nokia Corporation
• BAE Systems Plc
• Collins Aerospace Companies
• Thales Group
• Alstom SA
• Webtec Corporation
• Bombardier Inc.
• Sabre Rail Services Ltd.
• HollySys Automation Technologies Ltd.
• Traffic Control Technology Co. Ltd.
• SafeRail SAS
• Cyberbit Ltd.
• Cervello Inc.
• Cylus Ltd.
• Shift5 Inc.
• Gear Rail
• Barbara IoT SL
• SpirOps
• C3UK Ltd.
What Is The Most Dominant Region In The Railway Cybersecurity Market?
Asia-Pacific was the largest region in the railway cybersecurity market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the railway cybersecurity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
