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Railway Cybersecurity Market Size

  • Report ID: GMI10731
  • Published Date: Aug 2024
  • Report Format: PDF

Railway Cybersecurity Market Size

Railway Cybersecurity Market size was valued at USD 6.1 billion in 2023 and is estimated to register a CAGR of over 11% between 2024 and 2032. The rapid expansion of digital systems in railways, including IoT, AI, and automation, is creating new opportunities and challenges. As rail networks become increasingly interconnected and technologically advanced, the need for robust security measures to protect these systems from cyber threats becomes critical, driving demand for advanced cybersecurity solutions and innovations.

 

Moreover, increased collaboration among railway operators, technology providers, and cybersecurity firms is driving the development and implementation of advanced security solutions. By collaborating, these stakeholders can share insights, enhance threat detection, and streamline security measures across interconnected systems. This collective effort addresses vulnerabilities more effectively and strengthens the overall cybersecurity resilience of the rail industry.

 

For instance, in August 2024, Digi International partnered with Cylus, a leader in rail cybersecurity, to enhance rail network security. Their collaboration merges Cylus's cutting-edge solution, CylusOne, with Digi's TX64 5G Rail cellular router. This integration provides a robust cybersecurity framework specifically designed for the rail sector, fortifying defenses against escalating cyber threats.

 

Furthermore, the increasing need to protect sensitive passenger data drives the demand for advanced cybersecurity solutions in railways. As passenger information becomes more digitized and valuable, ensuring its security against breaches and unauthorized access is critical. This heightened focus on data protection accelerates the adoption of sophisticated cybersecurity measures and technologies in the rail sector.

 

The high cost of implementing and upgrading advanced cybersecurity solutions poses a significant challenge in the railway cybersecurity market. Railway operators, often limited by financial constraints, struggle to invest in advanced technologies and continuous updates. These expenses can be particularly burdensome for smaller operators or those with outdated infrastructure, potentially leading to inadequate protection against evolving cyber threats. This financial strain may result in prioritizing short-term solutions over comprehensive, long-term security strategies, thus leaving critical systems vulnerable to attacks and compromising overall safety and operational integrity.

 

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of railway cybersecurity reached USD 6.1 billion in 2023 and is set to thrive at over 11% CAGR through 2032, led by expanding digital systems like IoT, AI, and automation in railways.

The solutions segment captured over 67% market share in 2023, as railway operators progressively used them for risk management, threat response, and data security.

Asia Pacific market accounted for 35% of the revenue share in 2023, catapulted by the rapid expansion of urban rail networks and increased investment in smart infrastructure.

Thales Group, Siemens AG, Alstom, Nokia Networks, Cylus, Radiflow, and Cisco Systems.

Railway Cybersecurity Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 300
  • Countries covered: 25
  • Pages: 250
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