CHICAGO, July 16, 2021 /PRNewswire/ — According to the new market research report “Railway Cybersecurity Market by Type (Infrastructural & On-board), Offering, Security Type (Network, Application, Endpoint, System Administration and Data Protection), Application (Passenger & Freight), Rail Type and Region – Global Forecast to 2027″, published by MarketsandMarkets™, the Railway Cybersecurity Market is estimated to be USD 6.2 billion in 2021 and is projected to grow at a CAGR of 9.4% during the forecast period, to reach USD 10.6 billion by 2027.
Various countries have realized that the development of railway infrastructure is one of the important factors driving economic development. Therefore, a few countries and OEMs are investing significantly in railway cybersecurity infrastructure. For instance, in 2019, Wabtec launched two new offerings designed to modernize its globally installed 23,000 locomotives. Wabtec developed FDL Advantage, which is a fuel-saving engine upgrade package for its FDL locomotive platform. Another offering is the Modular Control Architecture – Fleet Migration (MCA FM), a next-generation control system replacement that is applicable throughout Wabtec’s locomotive-installed base. Both solutions have next-generation data and software capabilities. Countries are adopting various technologies in their transportation infrastructure and are focusing on R&D and innovations in rail infrastructure technology to address future mobility…
