In the changed post COVID-19 business landscape, the global market for Railway Cybersecurity estimated at US$6. 6 Billion in the year 2020, is projected to reach a revised size of US$11. 3 Billion by 2027, growing at aCAGR of 8% over the period 2020-2027.
New York, Dec. 27, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Railway Cybersecurity Industry” – https://www.reportlinker.com/p06032727/?utm_source=GNW
Solutions, one of the segments analyzed in the report, is projected to record 7.6% CAGR and reach US$6.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 8.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 7.5% CAGR
The Railway Cybersecurity market in the U.S. is estimated at US$1.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2027 trailing a CAGR of 7.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.5% and 6.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR.
Select Competitors (Total 34 Featured) –
ABB
Alstom
BAE Systems
Bombardier
Capgemini
Cervello
Cisco Systems
Cylus Ltd.
General Electric Company
Hitachi…
