Key Market Insights
“Increased Internet Connectivity has increased the Demand for Remote Browser Market globally”
Globally, the remote browser market registered a market value of US$ 2943.4 Mn in 2021 and is expected to grow with a CAGR of 17.9% during the forecast period from 2023 to 2030.
Remote browsers are the type of software that are used for browsing the internet that is being hosted on a cloud platform instead of installing 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. Various companies have started adopting remote browsers to reduce cyber threats.
The rising number of internet connection and increasing usage of the internet to gather critical data is considered as a major factor which is driving the market across the globe. With the rise in internet penetration, there has been an increase in cybercrimes and activities therefore, to reduce the losses caused by rising internet penetration remote browsers are being adopted by the companies.
Enterprise Analysis
“Increasing investment in cloud based service supports market growth”
In 2021, the overall remote browser market was dominated by the large enterprises segment with a market share more than 65.0% and is expected to grow with a significant CAGR during the forecast period. This is due to increasing investments by the large organization in cloud services and the adoption of a secure environment for the individuals to browse the internet leading to reduce threats from malware and ransomware.
Development of new cloud based services along with various collaboration by service providers enables large enterprise to opt for remote browsers for securing data from malwares. For instance, in December 2020, Symantec Corp. and Fortinet came into 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).
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 the year 2021. 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.
“Europe is projected to be among top adopters of remote browsers during the forecast period”
Rising number of data breaching cases in the region supports the growth of remote browsers 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 growth of the market in the Europe region.
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Key Industry Developments:
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Remote Browser market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
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Research Period | 2022-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Year | 2022 |
Unit | USD Million |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report