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
No. of Pages:161
Report Code:
TIPRE00012182
Category:
Technology, Media and Telecommunications
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 large number of 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.
Market Overview and Dynamics
The railway cyber security market in APAC is expected to grow from US$ 1,661.7 million in 2019 and is projected to reach US$ 3,503.6 million by 2027; it is estimated to grow at a CAGR of 10.0% from 2020 to 2027.As the number and complexity of cyberattacks is growing, it is propelling the adoption of railway cyber securitysystem across the region.However, the lack of skilled workforce is a hindering factor to the railway cyber security market growth. Further, the stringent government regulations regarding data privacy is creating business opportunities for companies operating in the market to achieve a significant share of railway cyber security market.
Key Market Segments
In terms of type, theinfrastructuralsegment accounted for the larger share of the APACrailway cyber security marketin 2019. In terms of component, the solution segment held a larger share of theAPAC railway 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 APACare 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.
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APAC RAILWAY CYBER SECURITY MARKET SEGMENTATION
APAC Railway Cyber Security Market,by Solution
Solutions
Services
APAC Railway Cyber Security Market,by Type
Infrastructural
On-Board
APAC Railway Cyber Security Market,by Security Type
How big is the Asia Pacific Railway Cyber Security Market?
The Asia Pacific Railway Cyber Security Market is valued at US$ 1,661.7 Million in 2019, it is projected to reach US$ 3,503.6 Million by 2027.
What is the CAGR for Asia Pacific Railway Cyber Security Market by (2020 - 2027)?
As per our report Asia Pacific Railway Cyber Security Market, the market size is valued at US$ 1,661.7 Million in 2019, projecting it to reach US$ 3,503.6 Million by 2027. This translates to a CAGR of approximately 10.0% during the forecast period.
What segments are covered in this report?
The Asia Pacific Railway Cyber Security Market report typically cover these key segments-
Component (Solution, Services)
Type (Infrastructural, On-Board)
Security Type (Network Security, Application Security, Data Protection, End Point Security)
What is the historic period, base year, and forecast period taken for Asia Pacific Railway Cyber Security Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Railway Cyber Security Market report:
Historic Period : 2017-2018
Base Year : 2019
Forecast Period : 2020-2027
Who are the major players in Asia Pacific Railway Cyber Security Market?
The Asia Pacific Railway Cyber Security Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Capgemini SE
Cisco Systems, Inc.
Collins Aerospace
Hitachi, Ltd.
Huawei Technologies Co., Ltd.
IBM Corporation
Nokia Corporation
Selectron Systems AG
Siemens AG
Thales Group
Who should buy this report?
The Asia Pacific Railway Cyber Security Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Asia Pacific Railway Cyber Security Market value chain can benefit from the information contained in a comprehensive market report.
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