Published Date: 2-Nov-2021
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report Global Railway Cybersecurity Market, published by KBV research, The Global Railway Cybersecurity Market size is expected to reach $10.2 billion by 2027, rising at a market growth of 9% CAGR during the forecast period.
The Solution segment garnered the major revenue share of the market in 2020. The services segment would be the fastest-growing segment during the forecast period. Factor such as the need for services in both pre-and post-installation of the cybersecurity framework is responsible for the massive growth of this segment.
The data protection segment is expected to procure the maximum revenue share of the railway cybersecurity market during the forecast period. Data protection mainly aims to secure crucial databases, such as data, database servers, applications, and systems. In addition, data protection applications are focused on maintaining confidentiality, availability, and integrity of data.
The Europe market dominated the Global Railway Cybersecurity Market by Region 2020, growing at a CAGR of 8.2 % during the forecast period. The North America market is experiencing a CAGR of 8.3% during (2021 - 2027). Additionally, The Asia Pacific market would showcase a CAGR of 9.8% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of ABB Group, Siemens AG, Nokia Corporation, Cisco Systems, Inc., IBM Corporation, Tech Mahindra Limited, Toshiba Corporation, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Hitachi, Ltd. and ENSCO, Inc.
By Security Type