As per the size of software increases in modern software organizations, number of defects is also increasing. Bugs are inevitable in software. Bugs reduce the reliability of software by increasing the risk. It is not always easy to track and mitigate issues caused by bugs. So as Bug tracking softwares are introduced. Bug tracking tools are a preventive measure that not only finds bugs but also do the debugging process. It handles cross communication between different team members and keeps the track of bug handling which makes it scalable. For a software industry it is very important to know about usage of any bug tracking software as per their requirements. This paper focuses on some most popular bug tracking tools that are currently being used in software firms. Presented study helps to select the tool that provides the best solution in context to the requirement of industry. A Comparative matrix is given to provide better analysis and visualization of same.