Railway Safety & Security Monitoring System Market

The railway transports tons of cargo & thousands of passengers every year. The rail companies depend upon the efficient and reliable operations of rail infrastructure to successfully meet the growing demand. To operate smoothly, railways need to provide a high level of safety & security for both passengers and goods. The railway station should have access to a monitoring system with security arrangements similar to airports across the country. Moreover, railway safety & security monitoring system plays an important role in managing all the railway platforms, passenger data, security on trains, and others. Furthermore, minimizing unauthorized access with the help of monitoring systems ensures a high level of security for passengers as well as goods. Several measures were taken to restrict unauthorized access by the installation of CCTVs in the platforms & railway coaches, intensification of supervision, improve cyber security, and others. In addition, the entry of unauthorized persons and a large number of visitors lead to unmanageable crowds on railway platforms. The presence of unmanned multi-entry and exit points at stations can be vulnerable to security threats. Thus, it is important to minimize the risk of unauthorized access to the platforms.

COVID-19 Impact Analysis

• Due to COVID-19, the government across all countries declared lockdown and various other restrictions. The lockdown has affected the whole railway industry since there has been a disruption in both railway manufacturing and transportation. Also, the railway safety & security monitoring system market badly affected since its demand has been reduced. Less preference from passengers to use the railway during pandemic made it difficult to afford safety & security monitoring system. Moreover, social distancing norms and other restrictions led to the unavailability of a skilled workforce require for running railway safety & security monitoring systems.

Top Impacting Factors 
Rise in need to minimize the risk of unauthorized access to platforms, increase in need for enhanced staff security for public & passenger safety, and surge in number of accidents are expected to drive growth of the market.
However, high infrastructure investments and rise in cases of false alarms hamper growth of the market.
Moreover, rise in cyber threats, increase in use of artificial intelligence (AI) and internet of things (IoT) in railway security, surge in public-private partnership investment to enhance security, and rise in R&D for providing better safety & security can act as an opportunity for growth of the market.
Market Trends
Use of artificial intelligence (AI) and internet of things (IoT) in railway security

• Currently, railways are using CCTV to monitor level crossings, passengers, platforms, and others. But the main challenge with CCTV is the requirement of continuous monitoring of the feed to detect safety anomalies. Moreover, sometimes human operators can develop video blindness and fail to see incidents that cameras are recording. Thus, the usage of sensors for AI and IoT along with CCTV will provide better safety. 
• For instance, at a level crossing the software can be trained in such a way that when the gates are closed on arrival of a train the sensors detect if the tracks are empty, otherwise it can trigger an alert to the human operator to review the footage. The operator reviews the anomalous video footage and acts if required. 
• Moreover, a Spanish start-up Barbara IoT provides IoT solutions for railway industry. The company functions during low coverage scenarios and enables communication with deployed devices ensuring a constant flow of data for effective maintenance. 
• In addition, Indian Cyber Security Solutions has developed an AI-based vulnerability tool S.A.V.E to help railway companies to determine vulnerabilities. Thus, the emergence of AI is expected to drive the growth of the railway safety & security monitoring system market.

Key Benefits of the Report

• This study presents the analytical depiction of the railway safety & security monitoring system market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with challenges of the railway safety & security monitoring system market.
• The current market is quantitatively analyzed to highlight the railway safety & security monitoring system market growth scenario.
• The report provides detailed railway safety & security monitoring system market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Report

• Which are the leading market players active in the railway safety & security monitoring system market?
• What would be the detailed impact of COVID-19 on the market?
• What current trends would influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the railway safety & security monitoring system market?
• What are the projections for the future that would help in taking further strategic steps? 

 Railway Safety & Security Monitoring System Market Report Highlights