Mozilla Firefox in on the verge of losing its position as the world’s second most used web browser to Google’s Chrome, two web analytics firms have predicted.

According to Net Applications, Chrome enjoyed an increase of 7 per cent, from 9 per cent to 16 per cent, in its global web browser market share since November last year, while Firefox’s share slipped from 23.5 per cent to 22.5 percent during the same period.

Net Applications estimated that Chrome would surpass Firefox by mid of 2012.

Another Web browser tracking firm Statcounter also said that Chrome had been enjoying an impressive increase in its web browser market share for the past two years, while Firefox had been suffering a fall in its share.

Figures released by Statcounter claims Chrome's global market share in September this year was 23.6 per cent, only a few percentile points less than Firefox’s share of 26.8 per cent.

Statcounter predicted Chrome might be able to surpass Firefox by the end of this very year.

Microsoft's Internet Explorer (IE) is still the no. 1 web browser in world, though it has also started losing its market share to rivals like Chrome.