Europe Railway Cyber Security Market Trends, Size, Segment and Growth by Forecast to 2030
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.
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
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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.
Market leaders and key company profiles
Capgemini SE
Cisco Systems, Inc.
Collins Aerospace
Hitachi, Ltd.
Huawei Technologies
Co., Ltd.
IBM Corporation
Nokia Corporation
Selectron Systems
AG
Siemens AG
Thales Group
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.
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.
Reasons to buy report
- To
understand the Europerailway cyber security marketlandscape and
identifymarket segments that are most likely to guarantee a strong return
- Stay
ahead of the race by comprehending the ever-changing competitive landscape
for Europerailway cyber security market
- Efficiently
plan M&A and partnership dealsin Europerailway cyber security marketby
identifying market segments with the most promising probable sales
- Helps
to takeknowledgeable business decisions from perceptive and comprehensive
analysis of market performance of various segment form Europerailway cyber
security market
- Obtain
market revenue forecast for market by various segments from 2020 to 2027
inEuroperegion
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
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