Information retrieval is a prime concern when there is plethora of information lying on the Web. In order to retrieve meaningful information, Semantic web is the need of the hour. For developing the appropriate semantics, a good ontology has to be created. There are various ontology editing tools available in the market and much analysis on them has already been done so far. This paper shows the analysis of some latest ontology tools (TODE, OwlGrEd, Odase, OntoStudio 3.1) available both as desktop and online versions and compares it with the latest version of most popular tool Protégé 5.0. The analysis is done on the basis of features like architecture, storage, interoperability, library and GUI design. The result of the analysis is explo...