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 estimated to grow at a CAGR of 10.0% from 2020 to 2027.
As the number and complexity of cyberattacks is growing, it is propelling the adoption of railway cyber security system across the region. However, the lack of skilled workforce is a hindering factor to the railway cyber security market growth. Further, the stringent government regulations regarding data privacy is creating business opportunities for companies operating in the market to achieve a significant share of railway cyber security market.
The Asia Pacific Railway Cyber Security market is growing along with the Technology, Media and Telecommunications industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
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A large number of IP traffic flows through the communications networks on a daily basis and such networks are targeted by cyber criminals to attack the railway infrastructure. Hence, the demand for robust cyber security solutions and services is growing at an unprecedented rate to safeguard critical railways infrastructure from cyber threats.
These factors are expected to offer broad growth opportunities in the Technology, Media and Telecommunications industry and this is expected to cause the demand for RAILWAY CYBER SECURITY assays in the market.
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APAC RAILWAY CYBER SECURITY MARKET SEGMENTATION
APAC Railway Cyber Security Market,by Solution
APAC Railway Cyber Security Market,by Type
APAC Railway Cyber Security Market, by Security Type
- Network Security
- Application Security
- Data Protection
- End Point Security
APAC Railway Cyber Security Market, by Country
- South Korea
- Rest of APAC
APAC Railway Cyber Security Market-Companies Mentioned
- Cisco Systems, Inc.
- Collins Aerospace
- Hitachi, Ltd.
- Huawei Technologies Co., Ltd.
- IBM Corporation
- Nokia Corporation
- Selectron Systems AG
- Siemens AG
- Thales Group
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