Railway Cybersecurity Global Market Report 2024

The railway cybersecurity market size has grown strongly in recent years. It will grow from $8.19 billion in 2023 to $8.96 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth observed in the historical period can be attributed to factors such as increasing government initiatives, growing urbanization, a rising number of railway cyberattacks, government initiatives for smart railways, and increased investments in railway infrastructure.

The railway cybersecurity market size is expected to see strong growth in the next few years. It will grow to $12.15 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The anticipated growth in the forecast period can be attributed to the rising occurrence of cyberattacks, an increase in data breaches or data leakages, the heightened demand for passenger and cargo capacity, an increasing number of railroad projects, and a growing demand for cloud-based services. Key trends expected in the forecast period encompass the integration of the Internet of Things (IoT), artificial intelligence (AI), and automated technologies, technological advancements, expansions and joint ventures, innovative digital technologies, and strategic partnerships with rail operators and service providers.

The increasing frequency of cyberattacks is anticipated to drive the expansion of the railway cybersecurity market in the foreseeable future. Cyberattacks are deliberate and unauthorized attempts to compromise the confidentiality, integrity, or accessibility of computer systems, networks, or sensitive data. Railway systems are vulnerable to cyber threats that can disrupt critical infrastructure, including signaling, communication, and control systems. Such disruptions can lead to delays, cancellations, and operational outages, significantly impacting both passenger and freight transportation services. To mitigate these risks, railway cybersecurity solutions employ proactive security measures, conduct internal risk assessments, and address potential vulnerabilities to ensure operational continuity and enhance passenger safety. For example, in February 2023, the Australian Cyber Security Centre reported a 13% increase in cybercrime reports, reaching 76,000 in 2022 compared to the previous year. Additionally, the Anti-Phishing Working Group recorded a 15% rise in phishing attacks, totaling 1,025,968 in the first quarter of 2022. Consequently, the growing occurrence of cyberattacks is a driving force behind the expansion of the railway cybersecurity market.

Key companies in the railway cybersecurity market are investing in advanced technologies such as security platforms to provide customers with enhanced features and maintain a competitive advantage. Security platforms, encompassing comprehensive systems or frameworks, play a crucial role in safeguarding digital assets, data, networks, and infrastructure from cyber threats and vulnerabilities. For instance, in May 2023, Cylus Ltd., an Israel-based railway security solutions provider, introduced the Rail Tech Security Platform. This specialized cybersecurity solution is explicitly designed for operational rail technology systems, offering real-time visibility, resilience, and compliance for rolling stock and trackside operations. The platform's unique design is tailored specifically for rail transport operators, seamlessly integrating with existing rail operations and cybersecurity systems. Cylus aims to furnish rail operators with the necessary context and guidance to proactively monitor and manage cybersecurity risks across all their operational rail technology environments.

In June 2022, Wabtec Corporation, a US-based supplier for freight and transit rail, acquired the ARINC rail solutions business segment of Collins Aerospace. This strategic acquisition aims to optimize the rail network, providing a rail ecosystem with increased production, efficiency, and safety. Collins Aerospace's ARINC rail solutions business is known for offering comprehensive railway cybersecurity services as part of its broader portfolio.

Major companies operating in the railway cybersecurity market are Huawei Technologies Co. Ltd., Robert Bosch GmbH, Siemens AG, Hitachi Ltd., Raytheon Technologies Corporation, General Electric, International Business Machine Corporation, Cisco Systems Inc., ABB Ltd., Nokia Corporation, BAE Systems Plc, Collins Aerospace Companies, Thales Group, Alstom SA, Webtec Corporation, Bombardier Inc., Sabre Rail Services Ltd., HollySys Automation Technologies Ltd., Traffic Control Technology Co. Ltd., SafeRail SAS, Cyberbit Ltd., Cervello Inc., Cylus Ltd., Shift5 Inc., Gear Rail, Barbara IoT SL, SpirOps, C3UK Ltd.

Asia-Pacific was the largest region in the railway cybersecurity market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the railway cybersecurity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the railway cybersecurity market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Railway cybersecurity involves the implementation of technology and processes to secure rail systems, operations, and passengers from cyberattacks. It includes measures such as unidirectional security gateways, firewalls, and traffic filtering to safeguard signaling systems, train control systems, passenger information systems, and station infrastructure from potential cyber threats.

The main types of railway cybersecurity are infrastructure and on-board. Infrastructure cybersecurity focuses on protecting the interconnected systems, networks, and physical assets that constitute critical infrastructure from cyber threats, attacks, and vulnerabilities. The primary offerings include solutions and services that provide various security services, including application security, network security, data protection, endpoint security, and system administration. These cybersecurity measures are applied in both passenger trains and freight train applications.

The railway cybersecurity market research report is one of a series of new reports that provides railway cybersecurity market statistics, including railway cybersecurity industry global market size, regional shares, competitors with a railway cybersecurity market share, detailed railway cybersecurity market segments, market trends and opportunities, and any further data you may need to thrive in the railway cybersecurity industry. This railway cybersecurity market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The railway cybersecurity market includes revenues earned by entities by providing services, such as real-time alerts and continuous monitoring, vulnerability assessments, incident response services, and managed security services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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