Component-based software engineering (CBSE) is a process that emphasizes designing and building systems using reusable software components. It emerged from failures of object-oriented development to enable effective reuse. CBSE follows a "buy, don't build" philosophy where requirements are met through available components rather than custom development. The CBSE process involves identifying components, qualifying them, adapting them if needed, and assembling them within an architectural design. This leverages reuse for increased quality, productivity, and reduced development time compared to traditional software engineering approaches.