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Remote Browser Market By Enterprise (Large Enterprises, SME’s), By Type (Chrome, Firefox, Opera, Internet Explorer, Safari, Others), By End-use Industry (BFSI, Healthcare, Retail, IT and Telecom, Education, Others) - Growth, Share, Opportunities & Competitive Analysis, 2019 – 2027

"Increased Internet Connectivity has increased the Demand for Remote Browser Market globally."

Globally, the remote browser market registered a market value of US$ 1838.5 Mn in 2018 and is expected to grow with a CAGR of 17.9% during the forecast period from 2019 to 2027. 

Remote browsers are the type of software used for browsing the internet hosted on a cloud platform instead of installed on a personal laptop, PC, or locally. This type of browsing protects the data of an organization, individuals, or enterprises from various cyber threats, including ransomware, malware, and others. As a result, various companies have started adopting remote browsers to reduce cyber threats. 

The rising number of internet connections and increasing usage of the internet to gather critical data is considered a major factor driving the global market. However, with the rise in internet penetration, there has been an increase in cybercrimes and activities; therefore, companies are adopting remote browsers to reduce the losses caused by rising internet penetration.

Market Synopsis

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Enterprise Analysis

"Increasing investment in cloud-based service supports market growth."

 In 2018, the overall remote browser market was dominated by the large enterprise's segment with a market share of more than 65.0% and is expected to grow with a significant CAGR during the forecast period. This is due to increasing investments by a large organizations in cloud services and the adoption of a secure environment for individuals to browse the internet, leading to reduce threats from malware and ransomware.

The development of new cloud-based services and various service provider collaborations enables large enterprises to opt for remote browsers to secure data from malware. For instance, in December 2018, Symantec Corp. and Fortinet came into a partnership agreement. This partnership aims to provide customers most robust security solution by integrating Fortinet's next-generation firewall with Symantec's cloud-based web security service (WSS).  

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Regional Analysis

"North America holds the 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 2018. This is due to various cloud-based service providers in the country that offer various solutions and packages to large enterprises and SMEs to prevent 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 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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"Europe is projected to be among top adopters of remote browsers during the forecast period."

The rising number of data breaching cases in the region supports the growth of the remote browser market in the region. Moreover, increasing awareness of data security coupled with increasing implementation of remote browser solutions by a number of organizations is a key factor for the market growth in Europe.

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. 

Key Industry Developments:

  • In February 2020, Cyberinc announced a partnership with Tech Data. Tech Data is a leading distributor of IT products, solutions, and services. Through this partnership, Cyberinc aims to bring the innovative Zero Trust-based Isla isolation platform to Tech Data's product portfolio in the U.S. By adding the remote browser offered by Cyberinc, Tech Data can offer the premier remote browser isolation solution in the market. 
  • In November 2018, Ericom Software launched a new product. The Ericom Shield is advanced remote browser isolation (RBI) that aims to protect devices from internet-borne threats such as ransomware and malware. 
  • In February 2020, McAfee entered into an agreement to acquire Light Point Security. This acquisition aims to integrate Light Point Security's browsers isolation technology into its secure web gateway. Moreover, the acquisition. 
  • In February 2017, Symantec Corp. acquired LifeLock, Inc., the leading provider for identifying theft protection. The acquisition aims to create one of the most comprehensive consumer digital safety platforms to help consumers protect their information and devices.

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027, considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.Segmentation

 Enterprise (2017–2027; US$ Mn)

  • Large Enterprises
  • SME's

 Type Segment (2017–2027; US$ Mn)

  • Chrome
  • Firefox
  • Opera
  • Internet Explorer
  • Safari
  • Others

 End-use Industry Segment (2017–2027; US$ Mn)

  • BFSI
  • Healthcare
  • Retail
  • IT and Telecom
  • Education
  • Others 

 Geography Segment (2017–2027; US$ Mn)

  • North America (U.S. and Rest of North America)
  • Europe (U.K., Germany, France, and Rest of Europe)
  • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America)

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities to understand the overall remote browser market better. In addition, the global report also represents the competitive landscape based on market initiatives and strategies, product portfolio, and business strengths.

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Published Date:  Mar 2020
Category:  IT & Telecom
Report ID:   60222
Report Format:   PDF
Pages:   120
Rating:    4.2 (49)
Delivery Time: 24 Hours to 48 Hours   
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