Report : Asia Pacific Railway Cyber Security Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Solution and Services), Type (Infrastructural and On-Board), Security Type (Network Security, Application Security, Data Protection, End Point Security, and others), and Country
Growing digitization across emerging economies to fuel the growth ofAPACRailway Cyber SecurityMarket during 2020–2027
According to a new market research study on “APACRailway Cyber SecurityMarketto 2027 – Regional Analysis and Forecast by Component,Type, and Security Type”the market is expected to reach US$ 3,503.6 millionby 2027 from US$ 1,661.7million in 2019. The market is estimated to grow at a CAGR of 10.0% from 2020 to 2027. The report provides trends prevailing in the APACrailway cyber security marketalong with the drivers and restraints pertaining to the market growth.Growing digitization and increasing complexities of cyber-attacksare the major factors driving the growth of the railway cyber security market. However, lack of skilled workforce might hinder the growth of APACrailway cyber security market.
The market for railway cyber security marketis segmented into component, type, security type, and country. Based on component, the market is segmented into solution and services. In 2019, the solutionsegment held the largest share of the APACrailway cyber security market. Based on type, the railway cyber security marketis segmented into infrastructural and on-board. Infrastructural segmentis expected to be the fastest growing segment during the forecast period.On the basis of security type, the market is bifurcated into network security, application security, data protection, end point security, and others. The network security segment contributed a substantial share for the APACrailway cyber security marketin 2019.
Capgemini SE, Cisco Systems, Inc., Collins Aerospace, Hitachi, Ltd., Huawei Technologies Co., Ltd., IBM Corporation, Nokia Corporation, Selectron Systems AG, Siemens AG, and Thales Groupare among the leading companies in the APACrailway cyber security market.The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019,SENTRYO announced the availability of its industrial cybersecurity solution on the Siemens' Ruggedcom Multi-Service Platform. The combined solution offers industrial asset inventory as well as threat detection competencies embedded in Siemens’ range of network switching and routing platforms, particularly designed for the industrial plant floor, electric power utilities, rail, and traffic control systems.
APAC Railway Cyber Security Market, By Country, 2019 and 2027 (%)
The report segments the APACrailway cyber security market as follows:
Railway cyber security Market– ByComponent
Railway cyber security Market – By Type
Railway cyber security Market – By Security Type
- Network Security
- Application Security
- Data Protection
- End Point Security
Railway cyber security Market – By Country
- South Korea
- Rest of APAC