Railway Cybersecurity Market

Market Leaders - Railway Cybersecurity Market

The railway cybersecurity market is projected to grow from USD 6.0 billion in 2019 to USD 12.6 billion by 2027, at a CAGR of 9.8%. Increase in user preference for public transportation and growing demand for smart transportation and internet of things (IoT) will propel the railway cybersecurity market

Some of the major players in the railway cybersecurity market are Thales (France), Alstom (France), Siemens (Germany), Bombardier (Canada), and Nokia Networks (Finland). These players have long-term supply contracts with leading service operators. These companies have adopted strategies of new product developments, acquisitions, agreements, collaborations, expansions, joint ventures, partnerships, and supply contracts to gain traction in the railway cybersecurity market.

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Partnerships, contracts, and collaborations were the most widely adopted strategies by major players in the global railway cybersecurity market. For instance, in October 2018, the Société du Grand Paris (SGP), which owns the Grand Paris Express project, awarded Siemens Mobility and Thales consortium with the delivery of the automated train control system that uses wireless communications-based train control (CBTC) technology and operating control centers for the future new lines 15, 16, and 17, which would be completed by 2030. Siemens Mobility will design and implement the most advanced generation of its fully automated CBTC technology. It will complete the integration of the entire transportation system. Thales will design and implement the operating control centers (centralized supervision of train traffic, energy systems, auxiliary equipment, and digital information systems) as well as trackside equipment and a secure communication network.

The second most popular strategy adopted by industry players was new product development and product enhancement. For instance, in September 2018, Thales launched its digital services, powered by a digital platform to revolutionize mobility. This new range of services is a digital platform, addressing many challenges facing the transport industry, such as allowing for on-premise and cloud deployment and supporting companies in different stages of their digital transformation journey. To guarantee data privacy, the platform is cybersecured by design using Thales’s worldwide experience in cybersecurity.

Related Reports:

Railway Cybersecurity Market by Type (Infrastructural and On-board), Solutions and Services, Security Type (Network, Application, End Point, System Administration, and Data Protection), and Region - Global Forecast to 2027

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Report Code
AT 7159
RI Published ON
6/10/2019
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