Market Overview:
The global unified functional testing market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for automated testing tools and services, rising adoption of agile methodology, and growing need for quality assurance and risk management. The global unified functional testing market is segmented on the basis of type into cloud-based and on-premise. The cloud-based segment is expected to grow at a higher CAGR than the on-premise segment during the forecast period from 2018 to 2030. This can be attributed to the growing trend of cloud computing among enterprises across all industries, which has led to an increase in demand for cloud-based unified functional testing solutions. On the basis of application, the global unified functional testing market is divided into SMEs, large enterprises, government organizations, and others (including healthcare organizations and educational institutions).
Product Definition:
Unified Functional Testing (UFT) is a software testing tool developed by Hewlett-Packard. It is used to test the functionalities of software applications. UFT can be used to automate tests and measure the quality of software applications.
Cloud Based:
Cloud Based Testing (CBT) is a service-based model, which helps in saving time and cost by eliminating the need for installing additional software on the user's system. In CBT, tests are run from a remote location using software applications that can be accessed over the internet. The major advantage of this technology is that it allows testers to run tests on different devices such as laptops and mobile phones without any hassles.
On-Premise:
On-premise functional testing is a methodical approach to test software applications and their functioning under given conditions without the need for any third-party involvement. It involves performing tests on computer systems present within an organization or in a lab environment. The advantage of this technique is that it allows the tester to control all factors, which are expected to affect the outcome of tests; also, it provides more realistic conditions for testing as there's no reliance on internet connectivity and other external factors.
Application Insights:
The software testing segment dominated the market in 2017. The growth can be attributed to the increasing penetration of smartphones and tablets across the globe. Unified functional testing helps in covering all types of software tests, e.g., unit, integration, acceptance and system tests for a complete range of applications with a single test case creation process leading to fewer bugs getting reported as compared to other bug reporting processes such as end-to-end (E2E) or end-to-beginning (E2B).
The system testing segment is expected to grow at a lucrative rate over the forecast period owing to various factors such as growing demand for cloud services by enterprises resulting in increased usage of web applications & services on their internal networks & external facing servers thereby exposing these systems/servers towards potential vulnerabilities which may lead into breaches if not detected & fixed during system Testing phase.
Regional Analysis:
The market in North America is expected to witness significant growth over the forecast period owing to the presence of a large number of software vendors and increased adoption of cloud-based solutions. The region accounted for more than 35% revenue share in 2016, which can be attributed to the increasing investments by enterprises in order to gain competitive advantage through innovation. Moreover, rapid technological advancements coupled with high penetration of smartphones and tablets are anticipated to fuel demand for end-to-end functional testing across various industries including BFSI, telecom, ITES and others.
Asia Pacific is estimated to emerge as a lucrative regional market over the forecast period owing its developing economies such as India & China along with other South East Asian countries. Increasing disposable income coupled with growing population has resulted into an increase in consumer spending on electronic devices such as smartphones & tablets among others; thereby driving demand for software applications that cater these devices needs thus fueling overall industry growth across all verticals including BFSI & healthcare among others).
Growth Factors:
- Increasing demand for automated testing tools to improve the quality of software products and reduce the time-to-market
- Growing popularity of agile methodology and DevOps culture that favors continuous testing over traditional waterfall model
- Proliferation of smart devices and IoT applications that need rigorous testing before release
- Rising demand for cloud-based UFT solutions to enable faster deployment and scalability5. Emergence of new application areas such as big data, mobile commerce, and social media that require sophisticated functional testing
Scope Of The Report
Report Attributes
Report Details
Report Title
Unified Functional Testing Market Research Report
By Type
Cloud Based, On-Premise
By Application
SMEs, Large Enterprises, Government Organizations
By Companies
Micro Focus, Tricentis, SmartBear Software, Worksoft, IBM, UiPath, SoapUI, Katalon, Oracle, BrowserStack, Sauce Labs, Inflectra
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Unified Functional Testing Market Report Segments:
The global Unified Functional Testing market is segmented on the basis of:
Types
Cloud Based, On-Premise
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SMEs, Large Enterprises, Government Organizations
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Micro Focus
- Tricentis
- SmartBear Software
- Worksoft
- IBM
- UiPath
- SoapUI
- Katalon
- Oracle
- BrowserStack
- Sauce Labs
- Inflectra
Highlights of The Unified Functional Testing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud Based
- On-Premise
- By Application:
- SMEs
- Large Enterprises
- Government Organizations
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Unified Functional Testing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Unified Functional Testing is a software testing methodology that integrates various types of tests into a single test plan. This allows testers to identify and fix problems in the system as they occur, rather than waiting for all the tests to complete.
Some of the key players operating in the unified functional testing market are Micro Focus, Tricentis, SmartBear Software, Worksoft, IBM, UiPath, SoapUI, Katalon, Oracle, BrowserStack, Sauce Labs, Inflectra.
The unified functional testing market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Unified Functional Testing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Unified Functional Testing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Unified Functional Testing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Unified Functional Testing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Unified Functional Testing Market Size & Forecast, 2018-2028
4.5.1 Unified Functional Testing Market Size and Y-o-Y Growth
4.5.2 Unified Functional Testing Market Absolute $ Opportunity
Chapter 5 Global Unified Functional Testing Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Unified Functional Testing Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 On-Premise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Unified Functional Testing Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Unified Functional Testing Market Size Forecast by Applications
6.2.1 SMEs
6.2.2 Large Enterprises
6.2.3 Government Organizations
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Unified Functional Testing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Unified Functional Testing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Unified Functional Testing Analysis and Forecast
9.1 Introduction
9.2 North America Unified Functional Testing Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Unified Functional Testing Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 On-Premise
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Unified Functional Testing Market Size Forecast by Applications
9.10.1 SMEs
9.10.2 Large Enterprises
9.10.3 Government Organizations
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Unified Functional Testing Analysis and Forecast
10.1 Introduction
10.2 Europe Unified Functional Testing Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Unified Functional Testing Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 On-Premise
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Unified Functional Testing Market Size Forecast by Applications
10.10.1 SMEs
10.10.2 Large Enterprises
10.10.3 Government Organizations
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Unified Functional Testing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Unified Functional Testing Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Unified Functional Testing Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 On-Premise
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Unified Functional Testing Market Size Forecast by Applications
11.10.1 SMEs
11.10.2 Large Enterprises
11.10.3 Government Organizations
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Unified Functional Testing Analysis and Forecast
12.1 Introduction
12.2 Latin America Unified Functional Testing Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Unified Functional Testing Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 On-Premise
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Unified Functional Testing Market Size Forecast by Applications
12.10.1 SMEs
12.10.2 Large Enterprises
12.10.3 Government Organizations
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Unified Functional Testing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Unified Functional Testing Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Unified Functional Testing Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 On-Premise
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Unified Functional Testing Market Size Forecast by Applications
13.10.1 SMEs
13.10.2 Large Enterprises
13.10.3 Government Organizations
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Unified Functional Testing Market: Competitive Dashboard
14.2 Global Unified Functional Testing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Micro Focus
14.3.2 Tricentis
14.3.3 SmartBear Software
14.3.4 Worksoft
14.3.5 IBM
14.3.6 UiPath
14.3.7 SoapUI
14.3.8 Katalon
14.3.9 Oracle
14.3.10 BrowserStack
14.3.11 Sauce Labs
14.3.12 Inflectra
