The global railway cybersecurity market is anticipated to grow at a considerable CAGR of 9.7% during the forecast period. The market is primarily driven by the key companies operating in the industry. The major market players are increasingly adopting various strategic initiatives such as partnerships, mergers, and acquisitions to stay competitive in the market, which is positively impacting the market growth. For instance, in March 2021, Wabtec acquired Nordco, a North American supplier of new, rebuilt, and used maintenance of way equipment having products such as mobile railcars movers and ultrasonic rail flaw detection technologies. Through this acquisition, the company aims to expand its product portfolio and widen its global presence.
Browse the full report description of “Global Railway Cybersecurity Market Size, Share & Trends Analysis Report by Security Type (Application Security, Network Security, Data Protection, Endpoint Security, and System Administration), by Type (Infrastructure, and On-board), by Application (Passenger Trains, and Freight Trains), and by Rail Type (Conventional Passenger Trains, Urban Transit, and High-Speed Rail) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/railway-cybersecurity-market
Furthermore, in September 2021, Nozomi Networks signed a partnership agreement with Cervello, to provide end-to-end cybersecurity solutions to the rail industry. This collaboration allows Nozomi Networks to meet the requirements of digital transformation of rail systems globally requiring IoT and cloud-based solutions to improve railway safety, operational efficiency, and reliability, integrating Cervello's railway threat detection with the Nozomi cybersecurity portfolio.
In December 2020, Alstom and ASELSAN collaborated to establish a framework of cooperation and coordination in the field of ETCS Signaling Onboard. The main objective of this collaboration is the establishment of a long-term partnership to enable the two leading companies to cooperate in the field of rail systems.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Security Type
o By Type
o By Application
o By Rail Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Siemens AG, THALES group, Alstom, Wabtec Corp., Nokia Corp., Bombardier Inc., Cervello Ltd., Cisco Systems, Inc., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Railway Cybersecurity Market Report Segment
By Security Type
By Type
By Application
By Rail Type
Global Railway Cybersecurity Market Report by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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