Global Unified Functional Testing Market Overview:
For corporate quality assurance, unified functional testing automates functional, regression, and API tests for software applications and environments. Since UFT has a graphical user interface, it can test all three layers of an application, including the interface, service layer, and database layer, from a single console.
Growth Drivers
- The Growing Popularity of Crowdsourced Testing
- Need to Provide Seamless End-User Experience With Reduced Time-To-Market
Roadblocks
- High Cost for Licensing and Maintenance
Opportunities
- Continuous Development in the IT Sector Globally
- Increase in Deployment of Mobile-Based Applications
Challenges
- Lack of Skilled Professionals
Competitive Landscape:
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Micro Focus International plc (United Kingdom), Tricentis (Austria), SmartBear Software (United States), Worksoft, Inc. (United States), IBM (United States), UiPath (United States), HP (United States), Katalon LLC. (United States), Oracle (United States) and BrowserStack (India). Additionally, following companies can also be profiled that are part of our coverage like Sauce Labs (United States) and Inflectra (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Unified Functional Testing market by 2026. Considering Market by Organisation Size, the sub-segment i.e. SMEs will boost the Unified Functional Testing market. Considering Market by Deployment Model, the sub-segment i.e. Cloud-Based will boost the Unified Functional Testing market.
In July 2020, Micro Focus announced AI-powered enhancements to the intelligent testing capabilities of the UFT Family, a unified set of solutions designed to reduce the overall complexity of automating the functional testing processes.
What Can be Explored with the Unified Functional Testing Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Unified Functional Testing Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Unified Functional Testing
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Unified Functional Testing market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Unified Functional Testing market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Unified Functional Testing Providers, Technology Providers, Government and Private Organisation, End-User and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.