Business Process Re-engineering Market: An Array of Graphics and Analysis of Major Industry Segments

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-engineering is 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-engineering to improve their overall business operations with the help of business process management and business process integration.

Increasing demand to develop efficient software for business operations among business process re-engineering vendors is a key factor driving the global business process re-engineering market. Growth of the BFSI (Banking, Financial Services and Insurance) sector is expected to boost the global business process re-engineering market during the forecast period, owing to high quality of services offered for customer acquisition and retention in the banking sector. Moreover, the rising demand for productivity, accuracy, speed, and efficiency in business operations is expected to drive the global business process re-engineering market during the forecast period. Redundancies and low investments are factors expected to negatively impact the global business process re-engineering market between 2019 and 2027. Increase in investments from software companies for business process re-engineering solutions by well-established and emerging players can overcome these hindrances in the near future.

The global business process re-engineering market can be segmented based on deployment, enterprise, end-user, software tool, service, component, and region. Based on deployment, the market can be classified into cloud and on-premises. In terms of end-user, the market can be segmented into government & defense, BFSI (banking, financial services and insurance), energy & utilities, manufacturing, retail, transportation & hospitality, logistics, IT & telecommunication, food & beverages, and others. Based on software tool, the global business process re-engineering market can be divided into DEC model, ProcessWise, business design facility (BDF), and enterprise modelling system. In terms of enterprise size, the market can be segregated into large, small, and medium enterprises. Based on service, the global business process re-engineering market can be categorized into professional services and managed services. Based on component, the market can be segmented into product development, service delivery, and customer satisfaction.

Planning to lay down strategy for the next few years? Our report can help shape your plan better.

In terms of region, the global business process re-engineering market can be classified into North America, Europe, South America, Middle East & Africa, and Asia Pacific. North America is expected to account for a prominent share of the global market during the forecast period, followed by Europe and Asia Pacific. North America and Europe hold a major share, due to presence of well-established as well as emerging players providing business process re-engineering software tools in the two regions. The market in North America is expected to witness strong growth from 2019 to 2027, due to rising demand for efficient software for business operations and increasing investments in new startups in the region. The market in Asia Pacific is expected to expand at a rapid pace during the forecast period, owing to high investments by enterprises in increasing the business productivity and efficiency.

Key players operating in the global business process re-engineering market are IBM Corporation, Appian Corporation, The Hackett Group, Inc., Oracle Corporation, Software AG, Adobe Inc., Microsoft Corporation, TIBCO Software, Cap Gemini., Fujitsu Ltd., Pegasystems Inc. Selerant Corporation, and Accenture.

Internet of Things Testing Market: Latest Trends and Forecast Analysis up to 2025

The Internet of things (IoT) represents a giant network of interconnected devices or things that are embedded in the existing internet infrastructure. These things can include a variety of objects such as electronics devices, vehicles, equipment, sensors, and consumer appliances. The concept may signify the sharing of data and information with people and animals connected to the infrastructure in near-real time. The proliferation of connected devices and the soaring popularity of IoT among enterprises in developed and developing nations have led to the pressing need for Internet of Things testing mechanisms. Developing an effective IoT testing mechanism foregrounds evaluating key aspects such as compatibility and usability of the interconnected devices, security of the network, the connectivity, and overall performance of the system. Furthermore, enterprises implementing IoT should take into account the integration of new devices and technologies with the existing network. A number

Low Power Display Market: Projection of Each Major Segment over the Forecast Period 2017 - 2025

Low power display technology is treated separately from our modern world. High resolution displays with low power are considered by many consumers to represent the low power display technology. The development in optoelectronics and nanotechnology has changed the low power display market . The low power display market consumes of less power than plasma technologies and cathode ray tube (CRT). Low-power features have become essential for liquid crystal displays (LCDs) due to environmental concerns. The technology that saves energy by decreasing the power consumption of the backlight unit in a display panel is considered in in low power display technology. A low refresh-rate technology was introduced in order to further minimize power consumption in the display panel. The low refresh-rate was achieved by employing oxide thin-film transistors (Ox-TFTs) with extremely low leakage currents. However, flicker may be visible due to the current leakage through the liquid crystal (LC

Noise Suppression Components Market: Granular View of The Market from Various End-Use Segments

Noise suppression refers to the methods of reducing and eliminating the effects of unwanted and undesirable sound effects and electrical disturbances which occurs when the level of signal carrier is greater than the noise level. Noise causes intrusion in many electrical devices. However, there are rules to suppress noise, because noise which does not affect a particular electrical device may affect some other electrical device. Further, an electronic device is known as ‘emission’ if it is itself the source of unwanted noise and it is referred to as immunity if the concerned electronic device is the victim of unwanted noise. Electromagnetic interference (EMI) and electromagnetic compatibility (EMC) has made the issue of noise suppression important. Some of the examples of noise suppression components are electromagnetic interference suppression filter which is an electronic component which provides electromagnetic noise suppression techniques for electronic goods. The function of the e

Research Blogs

Search This Blog