Global Remote Browser Market: Rising Investment in Advanced Technologies to Up Cyber Security Standards across Industries to Boost Growth
The rising demand for improved internet connectivity and recent technological advancements harvest immense opportunities for the global remote browser market. Besides rising growth rate, the market is likely to witness competition intensifying even further in the coming years. The booming market has attracted several small and medium-scale secure browsing solution providers over the last few years. Transparency Market Research (TMR) expects a flurry of new entrants in the coming years, indicating toward a robust future for the market. Some of the top market players are eyeing on strengthening their footprint by acquiring smaller yet promising enterprises. Besides this, the market has witnessed several mergers and strategic collaborations in the past years intended at given businesses impetus.
Several market players are strategizing to work with secure browsing solutions. Some of the other companies are focusing toward partnerships to offer networking and improve cyber security solutions. Through this, the companies are aiming at emerging at the market’s fore. According to TMR, Tucloud Federal Inc., Symantec Corporation, Cyberinc, Bomgar Corporation, Citrix Systems, Inc., Light Point Security, Ericom Software, Bromium, Inc., Authentic8, Inc., and Menlo Security are some of the renowned companies operating in the global remote browser market.
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TMR has pegged the global remote browser market at US$1,026.8 mn in 2016. Exhibiting an exceptional CAGR of 19.6%, the global market is forecast to reach US$5079.8 mn by the end of 2025. Regionally, North America held the largest market share in 2016 and is likely to remain the dominant regional segment through the course of the report’s forecast period. Soaring threats of cyber-attack and escalating demand from the US will aid the market’s expansion in North America. Among end users, the BFSI segment is likely to exhibit high demand in the coming years.
The report segments the global remote browser market as:
Remote browser market, By Type
- Internet Explorer
Remote browser market, By End-Use
- IT and Telecom