Global Model Based Testing Tools Market Overview:
The model based testing tools help in model based testing method to check the runtime behavior of the software against the assumption made by a specification of the model. This approach creates efficient test cases from the business requirements with the help of the model description of system behavior. System behaviors like sequences, actions, output, and flow of data are tested by the model based testing tools. And this kind of testing tool is widely used in commercial and academic applications.
Growth Drivers
- Demand for the Automation in Model Based Testing Technique
- Need for the Test Suite Maintenance, Flexibility, and Efficiency
Market Trends
- Integration of Model Based Testing Tools with the Other popular Testing Tools
Roadblocks
- Complexities Involved in the Model Based Testing
Opportunities
- Surging Demand for the Model Based Testing Tools For Automating the Testing and Development Technique
Challenges
- Requirement of Highly Skilled Tester to Manage Model Based Testing Tools
Competitive Landscape:
Some of the key players profiled in the report are Tricentis (Austria), Seapine Software (Perforce) (United States), Smartesoft Inc. (United States), HCL Technologies (India), Broadcom Inc. (United States), Micro Focus (United Kingdom), Microsoft Corporation (United States), Oracle (United States), LogiGear (United States) and Software Testing Solutions Inc.. Considering Market by Deployment, the sub-segment i.e. Cloud-based will boost the Model Based Testing Tools market. Considering Market by Features, the sub-segment i.e. Data Flow will boost the Model Based Testing Tools market.
Latest Market Insights:
On 30th March 2021, Tricentis announced that it has acquired Neotys, a popular performance testing service with a focus on modern enterprise applications and a tests-as-code philosophy. The two companies did not disclose the price of the acquisition. France-based Neotys launched in 2005 and raised about €3 million before the acquisition. Its core differentiator was the fact that we were a low-code, model-based automation engine.
On 29th July 2020, UST Global, a leading digital transformation solutions company, announced a strategic investment in Smart Software Testing Solutions (SSTS) Inc, a software testing and product company. Founded with a mission to create intelligent testing platforms for new-age systems, the Bay Area, a US-based company helps FORTUNE 1000 enterprises adopt continuous digital validation through its SaaS platforms pCloudy and OpKey. As part of the investment, Vijay Padmanabhan, Chief Corporate Officer of UST Global, will join the SSTS board.
What Can be Explored with the Model Based Testing Tools Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Model Based Testing Tools Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Model Based Testing Tools
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 Model Based Testing Tools 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 Model Based Testing Tools 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 Model Based Testing Tools Developers, Model Based Testing Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies 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.