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)
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Type, Security Type, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Railway Cyber Security Market – By Component
1.3.2 Railway Cyber Security Market – By Type
1.3.3 Railway Cyber Security Market – By Security Type
1.3.4 Railway Cyber Security Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Railway Cyber Security Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe
4.3 Ecosystem Analysis
5. Europe Railway Cyber Security –Market Dynamics
5.1 Market Drivers
5.1.1 Growing Digitalization Across the Railway Industry
5.1.2 Growing Cybersecurity Concerns and Increasing Number of Cyber Attacks
5.2 Market Restraints
5.2.1 Lack of Skilled Workforce
5.3 Market Opportunities
5.3.1 Growing Concerns of Government Regarding Cybersecurity
5.4 Future Trends
5.4.1 Increasing Demand for Cloud-Based Solutions
5.5 Impact Analysis of Drivers and Restraints
6. Railway Cyber Security Market – Europe Analysis
6.1 Europe Railway Cyber Security Market Overview
6.2 Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
7. Europe Railway Cyber Security Market Analysis – By Component
7.1 Overview
7.2 Railway Cyber Security Market, by Component (2019 and 2027)
7.3 Solution
7.3.1 Overview
7.3.2 Solution: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
7.3.3 Risk and Compliance Management
7.3.3.1 Overview
7.3.3.2 Risk and Compliance Management: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
7.3.4 Intrusion Detection System
7.3.4.1 Overview
7.3.4.2 Intrusion Detection System: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
7.3.5 Encryption
7.3.5.1 Overview
7.3.5.2 Encryption: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
7.3.6 Firewall
7.3.6.1 Overview
7.3.6.2 Firewall: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
7.3.7 Antivirus
7.3.7.1 Overview
7.3.7.2 Antivirus: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
8. Europe Railway Cyber Security Market Analysis – By Type
8.1 Overview
8.2 Railway Cyber Security Market, By Type (2019 and 2027)
8.3 Infrastructural
8.3.1 Overview
8.3.2 Infrastructural: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
8.4 On-Board
8.4.1 Overview
8.4.2 On-Board: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
9. Europe Railway Cyber Security Market Analysis – By Security Type
9.1 Overview
9.2 Railway Cyber Security Market, By Security Type (2019 and 2027)
9.3 Network Security
9.3.1 Overview
9.3.2 Network Security: Railway Cyber Security Market – Revenue, and Forecast to 2027 (US$ Million)
9.4 Application Security
9.4.1 Overview
9.4.2 Application Security: Railway Cyber Security Market – Revenue, and Forecast to 2027 (US$ Million)
9.5 Data Protection
9.5.1 Overview
9.5.2 Data Protection: Railway Cyber Security Market – Revenue, and Forecast to 2027 (US$ Million)
9.6 End Point Security
9.6.1 Overview
9.6.2 End Point Security: Railway Cyber Security Market – Revenue, and Forecast to 2027 (US$ Million)
9.7 Other Security Types
9.7.1 Overview
9.7.2 Other Security Types: Railway Cyber Security Market – Revenue, and Forecast to 2027 (US$ Million)
10. Europe Railway Cyber Security Market – Country Analysis
10.1 Europe Country Analysis
10.1.1 Europe: Railway Cyber Security Market, By Country
10.1.1.1 Germany: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 Germany: Railway Cyber Security Market, by Component
10.1.1.1.2 Germany: Railway Cyber Security Market, by Solution
10.1.1.1.3 Germany: Railway Cyber Security Market, by Type
10.1.1.1.4 Germany: Railway Cyber Security Market, by Security Type
10.1.1.2 France: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 France: Railway Cyber Security Market, by Component
10.1.1.2.2 France: Railway Cyber Security Market, by Solution
10.1.1.2.3 France: Railway Cyber Security Market, by Type
10.1.1.2.4 France: Railway Cyber Security Market, by Security Type
10.1.1.3 Italy: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Italy: Railway Cyber Security Market, by Component
10.1.1.3.2 Italy: Railway Cyber Security Market, by Solution
10.1.1.3.3 Italy: Railway Cyber Security Market, by Type
10.1.1.3.4 Italy: Railway Cyber Security Market, by Security Type
10.1.1.4 UK: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1 UK: Railway Cyber Security Market, by Component
10.1.1.4.2 UK: Railway Cyber Security Market, by Solution
10.1.1.4.3 UK: Railway Cyber Security Market, by Type
10.1.1.4.4 UK: Railway Cyber Security Market, by Security Type
10.1.1.5 Russia: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.5.1 Russia: Railway Cyber Security Market, by Component
10.1.1.5.2 Russia: Railway Cyber Security Market, by Solution
10.1.1.5.3 Russia: Railway Cyber Security Market, by Type
10.1.1.5.4 Russia: Railway Cyber Security Market, by Security Type
10.1.1.6 Rest of Europe: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.6.1 Rest of Europe: Railway Cyber Security Market, by Component
10.1.1.6.2 Rest of Europe: Railway Cyber Security Market, by Solution
10.1.1.6.3 Rest of Europe: Railway Cyber Security Market, by Type
10.1.1.6.4 Rest of Europe: Railway Cyber Security Market, by Security Type
11. Europe Railway Cyber Security Market- COVID-19 Impact Analysis
11.1 Overview
11.2 Europe
12. Industry Landscape
12.1 Overview
13. Company Profiles
13.1 CAPGEMINI SE
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Cisco Systems, Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Collins Aerospace
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Hitachi, Ltd.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Huawei Technologies Co., Ltd.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 IBM Corporation
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Nokia Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Selectron Systems AG
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Siemens AG
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Thales Group
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. Europe Railway Cyber Security Market, By Component– Revenue and Forecast to 2027 (US$ Million)
Table 3. Europe Railway Cyber Security Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 4. Europe Railway Cyber Security Market, By Security Type– Revenue and Forecast to 2027 (US$ Million)
Table 5. Germany Railway Cyber Security Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 6. Germany Railway Cyber Security Market, By Solution – Revenue and Forecast to 2027 (US$ Million)
Table 7. Germany Railway Cyber Security Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 8. Germany Railway Cyber Security Market, By Security Type– Revenue and Forecast to 2027 (US$ Million)
Table 9. France Railway Cyber Security Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 10. France Railway Cyber Security Market, By Solution – Revenue and Forecast to 2027 (US$ Million)
Table 11. France Railway Cyber Security Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 12. France Railway Cyber Security Market, By Security Type – Revenue and Forecast to 2027 (US$ Million)
Table 13. Italy Railway Cyber Security Market, By Component– Revenue and Forecast to 2027 (US$ Million)
Table 14. Italy Railway Cyber Security Market, By Solution – Revenue and Forecast to 2027 (US$ Million)
Table 15. Italy Railway Cyber Security Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 16. Italy Railway Cyber Security Market, By Security Type – Revenue and Forecast to 2027 (US$ Million)
Table 17. UK Railway Cyber Security Market, By Component– Revenue and Forecast to 2027 (US$ Million)
Table 18. UK Railway Cyber Security Market, By Solution – Revenue and Forecast to 2027 (US$ Million)
Table 19. UK Railway Cyber Security Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 20. UK Railway Cyber Security Market, By Security Type – Revenue and Forecast to 2027 (US$ Million)
Table 21. Russia Railway Cyber Security Market, By Component– Revenue and Forecast to 2027 (US$ Million)
Table 22. Russia Railway Cyber Security Market, By Solution – Revenue and Forecast to 2027 (US$ Million)
Table 23. Russia Railway Cyber Security Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 24. Russia Railway Cyber Security Market, By Security Type – Revenue and Forecast to 2027 (US$ Million)
Table 25. Rest of Europe Railway Cyber Security Market, By Component– Revenue and Forecast to 2027 (US$ Million)
Table 26. Rest of Europe Railway Cyber Security Market, By Solution – Revenue and Forecast to 2027 (US$ Million)
Table 27. Rest of Europe Railway Cyber Security Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 28. Rest of Europe Railway Cyber Security Market, By Security Type – Revenue and Forecast to 2027 (US$ Million)
Table 29. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Railway Cyber Security Market Segmentation
Figure 2. Europe Railway Cyber Security Market Segmentation – By Country
Figure 3. Europe Railway Cyber Security Market Overview
Figure 4. Solution Segment Held the Largest Market Share
Figure 5. Infrastructural Segment Held the Largest Market Share
Figure 6. Network Security held the Largest Market Share
Figure 7. Europe – PEST Analysis
Figure 8. Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Europe Railway Cyber Security Market Impact Analysis of Drivers and Restraints
Figure 11. Europe Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. Europe Railway Cyber Security Market Revenue Share, by Component (2019 and 2027)
Figure 13. Europe Solution: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. Europe Risk and Compliance Management: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Europe Intrusion Detection System: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Europe Encryption: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Europe Firewall: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Europe Antivirus: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Europe Services: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Europe Railway Cyber Security Market Revenue Share, by Type (2019 and 2027)
Figure 21. Europe Infrastructural: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Europe On-Board: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Europe Railway Cyber Security Market Revenue Share, by Security Type (2019 and 2027)
Figure 24. Europe Network Security: Railway Cyber Security Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 25. Europe Application Security: Railway Cyber Security Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 26. Europe Data Protection: Railway Cyber Security Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 27. Europe End Point Security: Railway Cyber Security Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 28. Europe Other Security Types: Railway Cyber Security Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 29. Europe: Railway Cyber Security Market Revenue Share, By Country (2019 and 2027)
Figure 30. Germany: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. France: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. Italy: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. UK: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34. Russia: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
Figure 35. Rest of Europe: Railway Cyber Security Market – Revenue and Forecast to 2027 (US$ Million)
Figure 36. Impact of COVID-19 Pandemic in Europe Country Markets
The List of Companies - Europe Railway Cyber Security Market
- 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 Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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