Software testing has proven its value for software development increasingly over the last decade. With the recognition of the benefits of software testing, several software test management tools (TMT) have emerged on the market. Although there exist different approaches, there is no method for a systematic TMT assessment. This is a problem because to our knowledge, evaluating TMT is rather a subjective task, heavily depending on the evaluators' opinions rather than based on the objective approach. The same problem applies when test managers are asked to evaluate whether their currently used TMT meets the company's expectations. In this paper based on the survey performed among Estonian testing practitionerswe deliver a TMT evaluation framework. The paper applies structured approach by performing a literature study on software testing processes, existing TMT market research, and mapping together the identified test activities and test artefacts. The results help formulate and design the online questionnaire and perform a TMT survey in the Estonian IT companies. Based on this survey results, a framework for evaluating TMT software is created. Such a framework could potentially help companies to measure the TMT suitability to company's goals and to decrease subjectivity of the TMT assessment. The framework also provides test and project managers the understanding whether their current TMTs meet the company's expectations.