Report : Europe 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
Increasing numbercyber-attacks and supporting regulations to fuel the growth ofEuropeRailway Cyber SecurityMarket during 2020–2027
According to The Insight Partners market research study on “EuropeRailway Cyber SecurityMarketto 2027 – Regional Analysis and Forecast by Component,Type, Security Type”the market is expected to reach US$ 4,400.3 millionby 2027 from US$ 2,358.1 million in 2019. The market is estimated to grow at a CAGR of 8.3 % from 2020 to 2027. The report provides trends prevailing in the Europerailway cyber security marketalong with the drivers and restraints pertaining to the market growth.Growing digitization and increasing complexities of cyberattacks are the major factors driving the growth of the railway cyber security market. However, lack of skilled workforce might hinder the growth of Europerailway cyber security market.
The market for railway cyber security marketin Europe is 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 larger share of the Europerailway cyber security market. Based on type, the railway cyber security marketis segmented into infrastructural and on-board. Infrastructural segmentis expected to the faster growing segment during the forecast period.Based onsecurity 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 in the Europerailway 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 Europerailway 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 2017,Siemens launched Digital Rail Services in the US, a new business using intelligent sensors as well as advanced software platforms on the country’s rail systems. Apart from this, additional capabilities included advanced cyber-security and guidance services.
The Report Segments the Europe Railway Cyber Security Market as Follows:
Railway cyber security Market– ByComponent
Railway cyber security Market – By Type
Railway cyber security Market – By Security Type
Railway cyber security Market – By Country
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