For years, Internet Explorer had a monopoly in the browser market. As of late, the popularity of Internet Explorer web browser has been diminishing steadily.
According to a recent study by Net Applications, Internet Explorer has fell below 60 percent market share. Chrome and Firefox have been gaining significantly. In April, Internet Explorer's market share was 59.95%. Google's Chrome stole a lot from Internet Explorer: 6.73 percent (up from 6.13 percent).
In May 2008, Microsoft had 75.94 percent of the web browser market.