Jun 3, 2011 15:41 GMT  ·  By

Google Chrome continues to grab market share, though its pace may be slowing down a bit. But Firefox also saw a very small growth in the past month. Internet Explorer's market share, on the whole, is still dropping, though at the speed things change in the browser market, it's still going to be the king for a long time to come.

Internet Explorer's share dropped to 54.27 percent in May from 55.11 percent in April, continuing a months long trend, according to numbers from Net Applications.

Even as IE usage is dropping, it's still at more than twice that of its closest competitor, Firefox which got 21.71 percent in May, compared to 21.63 in April.

Mozilla's web browser has been losing market share, when looking at the overall trend, but this happened very slowly, less than a couple of percent points in the past year.

There are some good news for Mozilla though, Firefox 4.0 usage overtook Firefox 3.6 in May, indicating that the update process is proceeding smoothly. Still, with Firefox 5 coming later this month, it should be interesting to see how the users react to the rather big change and how fast they will start moving to the upcoming version.

Meanwhile, Google Chrome continues to climb, it's now at 12.5 percent of the web browser market share, up from 11.9 percent last month. It's not a huge advancement, but in the browser market it's an impressive growth, though one we've been seeing from Chrome since launch.

Google is doing its best to keep the momentum going and is advertising Chrome quite aggressively, both online and offline. Recently, it created a new series of ads for Chrome which seems to have been quite popular.