Remote Browser Market Analysis: Global Growth Expected at a CAGR of 17.9%

Market Insights

The Remote Browser market was valued at US$ 1838.5 Mn in 2018 and expected to grow at a CAGR of 17.9% during the forecast period from 2019 to 2027.

“Rising data breaching cases increases the demand for remote browser globally”

With the increase in digitalization, the use of remote browsers has increased. The remote browsing market is gaining popularity due to various factors, such as an increasing number of cyber attacks and rising Internet penetration across the globe. In addition, with technological advancement, the risk of hacking and malware attacks is increasing. The demand for security solutions resulting from the adoption of remote browsers is increasing. Remote browser solutions helps the organizations to upgrade the security and remove viruses. Moreover, the remote browser also provides the user with secure control over the data. The companies across the globe are adopting browser isolation tool for securing their data that propels the growth of the market.

The research studies suggest that by the year 2022, approximately 25% of the enterprise will adopt remote browser systems thereby, is expected that there will be about 70% reduction in the cyber and data attacks globally. The foresaid factor is one of the reason for the growth of remote browser market globally.

Top manufacturers of remote browser are focusing to increase their product portfolio by launching new products in the market.

Regional Analysis

“North America holds largest share in the global remote browser market”

The global remote browser market was governed by North America with more than 1/3rd of the market share in the year 2018. This is due to the presence of various cloud-based service providers in the country that offer various solutions and packages to large enterprises and SMEs for preventing cyber threats. Additionally, the presence of key players in the region such as Menlo Security, Inc., Symantec Corporation and others that provides remote browsing to the companies and individuals and protect their data from malware and ransomware is one of the factors which is driving the market in the region.

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Industrial Developments

In March 2019, Cyberinc release new platform. The Isla Isolation Platform delivers most comprehensive isolation security solution that aims to control traditional secure web gateway along with isolation of web, email and documents.

In February 2019, Light Point Security launched a new browser isolation platform. Remote browser isolation technology offered by Light Point Security’s moves overall web content to a remote isolated environment. The new platform by isolating user’s browsing activity in virtual environment web content doesn’t infect the corporate network.

Key Market Movements:

Globally, the Remote Browser market is rising at a CAGR of 17.9% for the estimated period from 2019 to 2027.

North America dominated the global Remote Browser market in 2018 and expected to remain dominant in the forecast period. Due to the presence in the region of the top remote browser developer. In addition, the increasing adoption of remote browsers by various organizations promotes market growth.

Europe expected to grow at a significant rate during the forecast period due to wide adoption of remote browser by various organizations in the region. Moreover, rising number of data breaching cases supports the market growth.

The type segment sub-divided into chrome, firebox, opera, internet explorer, safari and others. The chrome segment expected to hold the largest share over the forecast period.

Based on the end-use industry, BFSI is expected to hold the largest share in the overall remote browser market during the forecast period due to an increasing global demand for security financial transactions. In addition, increasing awareness of cyber security in the banking sector promotes market growth.

List of Companies Covered:

  • Menlo Security
  • Symantec Corporation.
  • TuCloud Federal Inc.
  • Bromium Inc.
  • BeyondTrust Corporation.
  • Cigloo
  • Citrix Systems, Inc.
  • Ericom Software
  • Light Point Security
  • Cyberinc
  • Authentic8, Inc.

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