Business Process Re-engineering is a business management strategy that is employed to achieve core business processes such as improvement in productivity and quality of service. It also involves radical rebooting or redesigning of business processes, with the objective of achieving a significant increase in business performance including high returns on investment, efficient business workflow, and cost reduction. In addition, business process re-engineeringis employed to build new infrastructure of the company to help it remain competitive in the marketplace. Business process re-engineering re-organizes a business into cross-functional teams with complete responsibility of a process, with a focus on customer values and needs. Furthermore, organizations adopt business process re-engineeringto improve their overall business operations with the help of business process management and business process integration.
Business Process Re-engineering Market contains market size and forecasts of Business Process Re-engineering in Global, including the following market information:
- Global Business Process Re-engineering Market Revenue, 2017-2022, 2023-2028, ($ millions)
- Global top five companies in 2021 (%)
The global Business Process Re-engineering market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
- The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
- Software Segment to Reach $ Million by 2028, with a % CAGR in next six years.
- The global key manufacturers of Business Process Re-engineering include IBM Corporation, Appian Corporation, The Hackett Group, Oracle Corporation, Software AG, TIBCO Software, Capgemini, Fujitsu Ltd and Pegasystems Inc, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
- We surveyed the Business Process Re-engineering companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Business Process Re-engineering Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Business Process Re-engineering Market Segment Percentages, by Type, 2021 (%)
Global Business Process Re-engineering Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Business Process Re-engineering Market Segment Percentages, by Application, 2021 (%)
- Government & Defense
- BFSI
- Energy & Utilities
- Manufacturing
- Retail
- IT & Telecommunication
- Logistics
- Food & Beverages
- Others
Global Business Process Re-engineering Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Business Process Re-engineering Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Business Process Re-engineering revenues in global market, 2017-2022 (estimated), ($ millions)
- Key companies Business Process Re-engineering revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- IBM Corporation
- Appian Corporation
- The Hackett Group
- Oracle Corporation
- Software AG
- TIBCO Software
- Capgemini
- Fujitsu Ltd
- Pegasystems Inc
- Selerant Corporation
- Accenture
- Blueprint
- Fingent