Asia Pacific Railway Cyber Security Market Dynamics and Trends by 2027

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 expected to grow at a CAGR of 10.0%.

The railway cyber security market in the Asia Pacific is estimated to grow at the highest CAGR during the forecast period. Asia Pacific railway cyber security market growth is attributed to the increasing urban transit and railway digitization by major players and regional governments. This is designed to cope with rising consumer demand for convenient and secure travel and to meet fuel-efficiency standards to limit CO2 emissions.Increasing urbanization has caused rapid population growth in cities. The urban population currently accounts for more than 54% of the total population. Furthermore, many countries are increasingly investing in metros to reduce road traffic. The growing digitization in the emerging economies of APAC is expected to support the growth of railway cyber security market in the region.

As per latest WHO Situation Report (22nd June 2020), the overall confirmed cases in the Asia Pacific region accounted for 8,06,102with 25,063deaths. The Asia Pacific region is characterized by the presence of many developing countries, positive economic outlook, high industrial presence, and huge population. The growing urbanization and industrialization level in developing countries of Asia Pacific region makes this region a promising market for the growth of railway cyber security market

The key areas for digital transformation in railways include development of new business models & offerings, digitalization of core operations, and building a strong internal digital foundation. Multimodality platforms, easy customer interfaces, fleet management, automated train operations, and advanced analytics are some of the key areas of digital transformation in the global railway industry. Business process optimization, cost reduction, high operational efficiency, and prevention of human errors are some of the key factors that are fueling the digital transformation trend in railway industry. Owing to the increasing customer demands and rising industry competition, digital transformation has become a crucial need for the sustainable growth of any enterprise. In addition to numerous benefits, digitalization/digital transformation is also giving rise to risk of cyber threats due to increasing number of attack points in the enterprise networks.

Rest of APAC Railway Cyber Security Market Revenue and Forecast to 2027 (US$ Mn)

APAC Railway Cyber Security MarketSegmentation

APAC Railway Cyber Security Market,by Solution

• Solutions
• Services

APAC Railway Cyber Security Market,byType

• Infrastructural
• On-Board

APAC Railway Cyber Security Market,bySecurity Type

• Network Security
• Application Security
• Data Protection
• End Point Security
• Others

APAC Railway Cyber Security Market,by Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC

APAC Railway Cyber Security Market-Companies Mentioned

• Capgemini SE
• Cisco Systems, Inc.
• Collins Aerospace
• Hitachi, Ltd.
• Huawei Technologies Co., Ltd.
• IBM Corporation
• Nokia Corporation
• Siemens AG
• Selectron Systems AG
• Thales Group

Asia Pacific Railway Cyber Security Report Scope