The “Railway Cybersecurity Market” is projected to grow from US$ 7,469.51 million in 2022 to US$ 13,763.76 million by 2028; it is estimated to grow at a CAGR of 10.7% from 2022 to 2028.
The changing ICT landscape and rising customer demands for advanced services are pushing railway operators to replace their legacy systems with cutting-edge standard-based infrastructure, such as IP communication networks. These systems help enhance reliability, capacity, efficiency, and customer experience. Also, modern railway systems are increasingly connected, and railway technologies are becoming interoperable and harmonized. In recent years, cybersecurity-related incidents in operational technology (OT), as well as control networks in railway systems, have increased worldwide. Several incidents concerning theft of passenger sensitive information and lines being halted due to cyber-attacks were reported. Such instances negatively impacted the profitability and ability of railway operators to comply with rising cyber-security compliance requirements. Since control systems are essential for managing and monitoring train movements, rail operators are required to have clear insights into the risks, such as potential cyber-attacks, that can impact these systems. The rising sophistication of cyber-attacks indicates that train control systems are vulnerable and necessitate protection. Thus, in several countries across the world, train operators implement a risk management system that complies with the specific risk management standard. The railway cyber-security infrastructure provides integrated features designed to streamline compliance tracking and reporting requirements, boosting the railway cybersecurity market growth.
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Companies Profiled in this report includes:
- CAPGEMINI SE
- Cisco Systems, Inc.
- Collins Aerospace
- Hitachi, Ltd.
- Huawei Technologies Co., Ltd.
- IBM Corporation
- Nokia Corporation
- Selectron Systems AG
- Siemens AG
- Thales Group
The railway cybersecurity market is segmented into the offering, security type, type, application, and geography. Based on offering, the railway cybersecurity market is segmented into solutions and services. The solution segment is further sub-segmented into risk and compliance management, encryption, firewall, antivirus/antimalware, intrusion detection/intrusion prevention system, and others. In terms of security type, the railway cybersecurity market is segmented into application security, network security, data protection, endpoint security, and system administration. Based on type, the railway cybersecurity market is segmented into operational technology (OT) and information technology (IT). In terms of application, the railway cybersecurity market is segmented into passenger trains and freight trains. Based on geography, the railway cybersecurity market is segmented into North America (the US, Canada, and Mexico), Europe (Austria, Italy, Poland, Switzerland, Sweden, Norway, Denmark, the Netherlands, Finland, Spain, Baltics, and Rest of Europe), Asia Pacific (Australia, Japan, South Korea, Taiwan, and Rest of APAC), Middle East & Africa (Saudi Arabia, UAE, South Africa, and Rest of MEA), and South America (Brazil, Argentina, and Rest of SAM).
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Railway Cybersecurity Market Segmentation:
- Operational Technology (OT)
- Information Technology (TT)
By Security Type:
- Network Security
- Application Security
- Data Protection
- Endpoint Security
- System Administration
- Passenger Trains
- Freight Trains
Passenger rail network security is more complex than freight transportation due to open infrastructure, multiple access points, and a large user base. New York has recently been vulnerable to cyber-attacks on passenger trains, highlighting the importance of railroad cybersecurity. Governments of North America are implementing cybersecurity solutions for passenger and freight rail. In April 2020, the US Government Accountability Office released a report evaluating cyber-attacks against passenger trains in the US and Europe and adopted limiting guidelines. The government initiatives are expected to spur the railway cybersecurity market growth during the forecast period.
Furthermore, the federal government has imposed two cybersecurity mandates on “high-risk” rail and rail transit systems, despite industry attempts to push back regulation. New safety measures direct critical passenger and freight railways to take the following measures:
– Report cyber incidents to the federal government within 24 hours
– Appoint a cybersecurity officer with 24/7 access to federal agencies
– Develop an incident response plan
– Close cybersecurity gaps by conducting vulnerability assessments
The new cybersecurity requirements and recommendations are established to help protect travelers and critical infrastructure from threats.
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