A new research report from Chitika Insights suggests Chrome, Firefox and Safari are eating away at Microsoft’s dominant share of the web browser market. Internet Explorer’s overall share dropped from 56% in July to 54% in August while Firefox’s market share increased from 19% to 20% and Safari’s share grew one point to 9%. Between July 2010 and July 2011, however, Microsoft’s browser share remained steady at 56%. Google’s Chrome web browser saw its share increase from 9% to 16% year-over-year at the expense of Firefox and Safari, which lost 5% and 1% of the market, respectively. Chitika said it expects Firefox’s share to increase as Mozilla continues to release frequent updates to its web browser. In addition, Internet Explorer’s share will “stabilize from its recent losses” when Microsoft releases Windows 8 and Internet Explorer 10.