China EAM market is estimated to grow significantly at a CAGR of around 12.5% during the forecast period. Significant growth in the BFSI, energy, and power, healthcare, telecom sector can be witnessed in the country's result of which a significant demand for the EAM software will be observed in the country. The country is home to some of the largest companies all across the globe including Alibaba and Tencent, whose net asset was around $143 billion and $136 billion at the end of 2019 respectively. To manage the asset, the companies are significantly adopting the EAM software which is augmenting the market growth. The increasing demand for power in the country is continuously adding assets in the country including solar farms, windmills, thermal power plants and others which is providing significant scope for the asset management market in the near future.

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The companies which are contributing to the growth of the China EAM market include ABB Ltd., Fujitsu Ltd., IBM Corp., Oracle Corp., Microsoft Corp., SAP SE and others.

China EAM market is segmented on the basis of deployment and vertical. Based on deployment, the market is bifurcated into on-premise and cloud-based EAM solutions. Among these, on-premise EAM solutions held the highest market share in 2019. Energy and utilities, government and defense, manufacturing, transportation, and logistics industry mostly prefer on-premise EAM solutions as this solution is more tailored as compared to cloud-based EAM, thus, it fulfills the requirements of all end-users. Further, on-premise EAM solutions may also be less vulnerable to global cyber threats as on-premise EAM set-up is support by experienced IT professionals, hence, the data security can be handled internally.

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Based on vertical, the market is segmented into BFSI, retail, energy and utility, healthcare, government, IT & telecom, and others (manufacturing, transportation, metal and mining, machinery, and construction). The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.

Market Segmentation

China EAM Market by Deployment

• On-premises
• Cloud-Based

China EAM Market by Verticals

• Banking, Financial Services and Insurance (BFSI)
• Energy & Power
• Healthcare
• Government & Utilities
• IT & Telecom
• Others

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