About Functional Testing Tools
Functional testing tools are for the process of functional testing that analyzes and evaluates if the software is working in conformation with the pre-determined functional requirements and standards. The functional testing tools help in various tests like units testing, smoke testing, regression testing, integration testing, usability testing, and others and ensure the efficient working of the software. The tools provide several testing techniques end-user-based/system tests, equivalence tests, boundary value tests, and decision-based tests.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Micro Focus (United Kingdom), IBM (United States), SmartBear Software (TestComplete) (United States), Kobiton, Inc. (United States), Parasoft SOAtest (United States), Katalon, Inc (United States), Selenium (United States), Telerik Test Studio (United States), Ranorex Inc. (United States), mabl Inc. (United States) and Sauce Labs (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Functional Testing Tools market by and Region.
On the basis of geography, the market of Functional Testing Tools has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Category, the sub-segment i.e. Unit Testing will boost the Functional Testing Tools market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Web based will boost the Functional Testing Tools market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organisation Size, the sub-segment i.e. Small-medium Size Enterprise will boost the Functional Testing Tools market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Test Technique, the sub-segment i.e. End-user based/System Tests will boost the Functional Testing Tools market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Artificial Intelligence Technology Integrated Functional Testing Tools and Automation
Market Growth Drivers:
Growing Software Development for Industrial Automation and Demand for the Ensuring the Quality of Speed of the Software Development with Satisfactory Performance
Challenges:
Lack of Skilled Professionals for the Operation of Functional Testing Tools
Restraints:
Regulatory Compliance and Requirements Involved with Functional Testing Tools
Opportunities:
Introduction of Multifunctional Features which can Sustain the Multiple Programming Language, and Operating System Supportability will Boost the Functional Testing Tools Market
Market Leaders and their expansionary development strategies
On 2nd February 2021, Sauce Labs Inc., the leading provider of continuous testing solutions that deliver digital confidence, announced that it has entered into a definitive agreement to acquire AutonomIQ, a leading provider of scriptless test automation solutions. The planned acquisition further expands and enriches the depth and breadth of the Sauce Labs portfolio, adding scriptless test automation to a growing capability set that now also includes API testing, visual testing, and front-end performance testing in addition to the functional UI testing for which the company is known.
On 6th 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. As businesses place increased emphasis on developing innovative applications that better support users, scaling testing efforts become an elusive goal. These new AI-based capabilities ensure application teams can meet growing demands in an effective, efficient and agile way by increasing test coverage and test asset resiliency and reducing test creation time and maintenance efforts.
Key Target Audience
Functional Testing Tools Developers, Functional Testing Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.