The railway cyber security market in Europe is expected to grow from US$ 2,358.1 million in 2019 to US$ 4,400.3 million by 2027; it is estimated to grow at a CAGR of 8.3% from 2020 to 2027.
In Europe, the EU cybersecurity strategy sets out roles, responsibilities, and defines actions needed to protect citizens; whereas, the General Data Protection Regulation (GDPR) substantially tightens data privacy requirements. Regulators also specify minimum requirements for compliance, which can be verified before any carrier can use a communications element in the telecom network. To safeguard their citizens' privacy, some governments propose legislation requiring their citizens' data to be stored within their country's boundaries and governed by their privacy laws. Therefore, stringent privacy regulations in Europe are expected to support the growth of the railway cyber security market in Europe.
With the ongoing COVID-19 outbreak affecting global economies in a negative manner, business activities and revenues in the Europe railway cyber security market may get affected in the year 2020 and early 2021. The business lockdowns, travel & transportation bans, event cancellations, and supply chain disruptions in various countries are anticipated to affect the growth of Europe railway cyber security market to some extent. Despite this, the overall growth outlook of therailwaycyber security market is estimated to be positive over the forecast period.
Various governments and regulators across countries are in the process to formulate effective regulations, laws, and compliances related to cyber security which is supporting the growth of railwaycyber security market.
Rest of Europe Railway Cyber Security Market Revenue and Forecast to 2027 (US$ Mn)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
EuropeRailway Cyber SecurityMarketSegmentation
EuropeRailway Cyber SecurityMarket,by Solution
- Solutions
- Services
Europe Railway Cyber Security Market,byType
- Infrastructural
- On-Board
Europe Railway Cyber Security Market,bySecurity Type
- Network Security
- Application Security
- Data Protection
- End Point Security
- Others
Europe Railway Cyber Security Market,by Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe 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
Europe Railway Cyber Security Report Scope
Report Attribute | Details |
---|---|
Market size in 2019 | US$ 2,358.1 Million |
Market Size by 2027 | US$ 4,400.3 Million |
Global CAGR (2020 - 2027) | 8.3% |
Historical Data | 2017-2018 |
Forecast period | 2020-2027 |
Segments Covered |
By Component
|
Regions and Countries Covered | Europe
|
Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
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