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Private Cloud Services Market to Grow by USD 385.7 Billion (2025-2029), Rising Demand for Enhanced Data Security Boosts Market, with AI Impacting Trends – Technavio

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NEW YORK, Jan. 31, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The global private cloud services market size is estimated to grow by USD 385.7 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of over 19.6%  during the forecast period. Increased inclination for private cloud for enhanced data security is driving market growth, with a trend towards increasing acceptance of private cloud in BFSI segment. However, high costs associated with private cloud services  poses a challenge. Key market players include Adobe Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., AT and T Inc., Cisco Systems Inc., Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp, Oracle Corp, Rackspace Technology Inc., Salesforce Inc., SAP SE, ServiceNow Inc., Tencent Holdings Ltd., Verizon Communications Inc., VMware Inc., and Workday Inc..

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Private Cloud Services Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 19.6%

Market growth 2025-2029

USD 385.7 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

16.4

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 51%

Key countries

US, Canada, India, South Korea, France, Italy, UK, China, Japan, and Germany

Key companies profiled

Adobe Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., AT and T Inc., Cisco Systems Inc., Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp, Oracle Corp, Rackspace Technology Inc., Salesforce Inc., SAP SE, ServiceNow Inc., Tencent Holdings Ltd., Verizon Communications Inc., VMware Inc., and Workday Inc.

Market Driver

Private cloud services have gained significant traction in the business world due to their ability to offer dedicated computing resources with enhanced data security and compliance with regulatory standards. IT infrastructure for SMEs and large enterprises in sectors like IT & Telecommunication, Healthcare, Media and Entertainment can benefit from private cloud solutions. Legacy systems and interoperability concerns are addressed through virtualization and cloud integration. Cost efficiency and scalability are key drivers for cloud adoption. HIPAA-compliant solutions cater to healthcare industry needs. Cloud migration, managed services, and hybrid cloud offerings provide flexibility for businesses. Cloud storage, computing, and management solutions ensure business continuity and disaster recovery. Cloud automation, security, and infrastructure management streamline operations. Cloud innovation continues with advancements in cloud applications, deployment, and architecture. Cloud providers offer customized solutions to meet diverse business requirements. Cloud performance and solution integration are essential for seamless operations. 

Financial institutions are increasingly adopting private cloud solutions to enhance their agility and reduce costs. Private Platform-as-a-Service (PaaS) enables the development, testing, and deployment of applications on secure cloud platforms. Data security and regulatory compliance are key concerns for financial institutions, making private clouds an attractive option. By investing in private cloud infrastructure, financial organizations can lower their capital expenditures and focus on business transformation initiatives. Digital transformation is a top priority, and private cloud services facilitate this by providing a secure and flexible environment for data processing and application development. In recent years, many financial institutions have made significant investments in private cloud infrastructure to protect their data and stay compliant with regulatory requirements. 

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 Market Challenges

Private cloud services offer businesses a dedicated and secure computing environment, addressing challenges in areas like computing resources, data security, and regulatory standards. However, implementing private cloud solutions comes with hurdles for Small and Medium Enterprises (SMEs) and Large Enterprises alike. IT infrastructure, legacy systems, interoperability concerns, and cost efficiency are common challenges. Industries like IT & Telecommunication, Healthcare, Media and Entertainment face additional regulations such as HIPAA. Scalability, virtualization, and cloud adoption are key considerations. Cloud migration, managed services, hybrid cloud, cloud storage, and cloud computing solutions offer benefits like business continuity, disaster recovery, cloud automation, and cloud management. Cloud security, infrastructure, performance, and innovation are crucial factors. Cloud providers offer various deployment models, architectures, and applications to cater to diverse business needs.A private cloud is a dedicated cloud solution for an individual organization or user. Third-party vendors deliver resources such as data centers or networking services, either on-premises or off-premises. Isolation and security are ensured through a private network, keeping the infrastructure exclusive to the organization. Compliance-sensitive workloads benefit from this setup. Customization is possible to meet unique business needs. However, the costs are substantial due to the dedicated resources involved.

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Segment Overview 

This private cloud services market report extensively covers market segmentation by  

Service 1.1 IaaS1.2 SaaS1.3 PaaSType 2.1 Large enterprise2.2 Small and medium enterpriseGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and AfricaVertical

1.1 IaaS-  Private cloud IaaS (Infrastructure-as-a-Service) is a business model that delivers outsourced computing infrastructure, including servers, storage, and data center space or network components, over the Internet. IaaS vendors offer enterprises on-demand access to a large pool of IT equipment installed across multiple data centers. The benefits of private IaaS include better security, cost savings through elimination of upfront capital expenditures, quick access to resources, rapid innovation, and ease in shifting resource usage. Cisco Workload Optimization Manager and Amazon Virtual Private Cloud (VPC) are examples of private cloud IaaS products. In a private cloud environment, the IaaS vendor manages, maintains, and develops the dedicated pool of computing resources for a single organization or enterprise. The use of private IaaS services is increasing due to enhanced security, ease of access to resources, and the ability to quickly scale resources to accommodate changing business needs. This trend is particularly prominent among large enterprises and SMEs in developed and developing regions such as North America, Europe, and APAC. The private cloud’s security advantages, including dedicated resources and encryption, make it a preferred choice over public clouds for many organizations. The global private cloud services market’s IaaS segment is expected to grow significantly due to these factors.

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Research Analysis

The Private Cloud Services market offers businesses the ability to leverage Computing resources and IT infrastructure within their own secure environments. With data security being a top priority, Private Cloud Services provide an ideal solution for organizations seeking to protect sensitive information, particularly in industries subject to Regulatory standards such as HIPAA. SMEs and Large Enterprises in IT & Telecommunication, Healthcare, Manufacturing, Media and Entertainment, among others, can benefit from the scalability and cost efficiency of Private Cloud Services. Private Cloud Services enable businesses to virtualize their IT infrastructure and offer Managed services, Hybrid cloud solutions, Cloud migration, Cloud storage, and Cloud computing. These services ensure Business continuity and offer the flexibility to handle Legacy systems, making them an attractive option for organizations looking to modernize their IT environment. Private Cloud Services offer a cost-effective alternative to building and maintaining an on-premises data center while ensuring data security and regulatory compliance.

Market Research Overview

The Private Cloud Services market offers businesses the ability to leverage computing resources in a secure and customizable environment, meeting stringent data security requirements and regulatory standards. IT infrastructure for private clouds can accommodate legacy systems, addressing interoperability concerns, and catering to both SMEs and Large Enterprises in various industries such as IT & Telecommunication, Healthcare, Media and Entertainment. HIPAA compliance is a significant consideration for healthcare organizations. Private clouds offer scalability and cost efficiency through virtualization and managed services, enabling hybrid cloud solutions and cloud migration. Cloud storage, computing, and management are essential components, along with business continuity and disaster recovery solutions. Cloud automation, integration, and deployment are crucial for seamless adoption and implementation of cloud solutions. Cloud providers offer a range of infrastructure, architecture, and performance options to meet diverse business needs. Innovation in cloud services continues to drive advancements in cloud applications, security, and infrastructure.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ServiceIaaSSaaSPaaSTypeLarge EnterpriseSmall And Medium EnterpriseGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And AfricaVertical

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Canada to advance global nature conservation and climate action at upcoming United Nations conferences

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OTTAWA, ON, Oct. 16, 2026 /CNW/ — In a more uncertain and increasingly unstable world, Canada is stepping up to build a safer and more resilient future. Addressing climate change and biodiversity loss requires ambitious action at home and around the world. By advancing progress on both, Canada will protect nature, build resilient communities, and create lasting prosperity for future generations. International cooperation is key to achieving these goals.

That is why the Honourable Julie Dabrusin, Minister of the Environment, Climate Change and Nature, will lead Canada’s efforts as Head of Delegation at the 17th meeting of the Conference of the Parties to the Convention on Biological Diversity (COP17) and the 31st meeting of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP31).

At COP17, Minister Dabrusin and the Honourable Nathalie Provost, Secretary of State (Nature), will work with international partners to accelerate implementation of the Kunming–Montréal Global Biodiversity Framework. From October 19 to 30, 2026, in Yerevan, Armenia, Canada will champion the critical role of Indigenous peoples in conservation and advocate for practical solutions to mobilize global resources for biodiversity finance. Canada will showcase its leadership through two Canadian-led official side events focused on innovative nature finance and the essential role of Indigenous leadership in advancing conservation efforts at home and around the world. The delegation will also take part in strategic bilateral meetings, high-level roundtables, and civil society events to strengthen cooperation, advance solutions, and drive action to halt and reverse biodiversity loss.

From November 9 to 20, 2026, in Antalya, Türkiye, Canada will participate in the 31st Conference of the Parties to the United Nations Framework Convention on Climate Change (COP31). Building on multilateral engagements, including the 10th Ministerial on Climate Action, Canada will continue working with international partners, Indigenous representatives, civil society, youth, and other stakeholders to strengthen the resilience of vulnerable communities; reduce methane emissions; accelerate electrification; and mobilize finance and investments from public and private sources. For the fifth consecutive year, Canada will host a national pavilion at COP31, showcasing Canadian climate leadership and innovation. The Canada Pavilion will serve as a hub for connection and collaboration.

Canada’s international leadership is backed by action at home. To accelerate electrification, Canada is building major clean energy projects across the country, including with the largest clean energy investment in North American history in Churchill Falls. Through A Force of Nature: Canada’s Strategy to Protect Nature and $3.8 billion in investments and funding, Canada is advancing its commitment to conserve 30% of lands and waters by 2030 through strong partnerships and innovative approaches to conservation. Canada recently reinforced this commitment by joining the 30×30 for Nature and People Ministerial Declaration at the 81st session of the United Nations General Assembly. Prime Minister, Mark Carney, recently announced a historic investment of $1.2 billion to better protect Canada’s oceans and the life they sustain. This will increase monitoring, strengthen ocean science and ecosystem protections, and improve marine incident prevention and preparedness. These priorities will be a key focus at both upcoming conferences.

Canada’s delegations to COP17 and COP31 will bring together the diverse perspectives from across Canadian society, including Indigenous representatives, civil society, the private sector, youth, and provincial and territorial government representatives. Working with international partners, these delegations help advance practical solutions to protect nature, strengthen resilience, and support sustainable economic prosperity.

Quotes

“Climate change and biodiversity loss are global challenges that no country can solve alone. At COP17 and COP31, Canada will work with partners from around the world to strengthen implementation of the Kunming–Montréal Global Biodiversity Framework and the Paris Agreement and collective efforts to address nature protection and climate change. Through international cooperation, Indigenous leadership, innovative solutions, and a collective commitment to conservation and climate action, we will build a sustainable future for people and nature alike.”
– The Honourable Julie Dabrusin, Minister of the Environment, Climate Change and Nature

“Nature loss is a global challenge that requires countries to work together and turn shared commitments into action. At COP17, Canada will share its experiences in advancing nature finance, including innovative approaches to valuing natural capital and mobilizing private investment for conservation. By exchanging ideas, lessons learned, and practical solutions with international partners, we can accelerate progress toward our global biodiversity goals and recognize nature as a foundation of long-term economic prosperity and resilience.”
– The Honourable Nathalie Provost, Secretary of State (Nature)

Quick facts

As the second largest country in the world, Canada has a vast amount of natural capital, including 24% of the world’s boreal forest, 37% of lakes, 25% of wetlands, and approximately 80,000 species. We have both a responsibility to steward these resources as well as a competitive advantage because of these assets.Canada hosted the 15th meeting of the Conference of the Parties to the United Nations Convention on Biological Diversity (COP15) in Montréal in 2022, which resulted in the adoption of the Kunming–Montréal Global Biodiversity Framework: an ambitious global plan to halt and reverse biodiversity loss by 2030.Canada supports the Armenian COP17 presidency and its approach to strengthen implementation of the Kunming–Montréal Global Biodiversity Framework toward meeting the Framework’s goals and targets.In September 2026, Canada and China co-chaired the Kunming Dialogue in Kunming, China. The Dialogue was a multilateral working-level meeting to discuss progress and challenges in the implementation of the Framework ahead of COP17.The Canada Pavilion at the United Nations Conference of the Parties (COP) is a key space to show Canadian climate leadership and innovation.Reducing methane emissions remains one of the fastest and most cost-effective ways to limit the rise of near-term global temperatures. Canada serves as co-convenor of the Global Methane Pledge, which counts 159 participating countries and the European Commission, with participants agreeing to take voluntary actions toward a collective goal of reducing global methane emissions at least 30% by 2030 (from 2020 levels).In April 2026, Canada announced a new goal of delivering $13 billion in international climate finance over the next five years.

Associated links

A Force of Nature: Canada’s Strategy to Protect NaturePrime Minister Carney Announces Historic Investment to Protect Canada’s OceansCanada Pavilion at the Conference of the Parties (COP)

Environment and Climate Change Canada’s X page
Environment and Climate Change Canada’s Facebook page
Environment and Natural Resources in Canada’s Facebook page
Environment and Climate Change Canada’s LinkedIn page
Environment and Climate Change Canada’s Instagram page

SOURCE Environment and Climate Change Canada

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DGEN TECHNOLOGIES (FORMERLY CHINA KELI ELECTRIC COMPANY) COMPLETES ACQUISITION AND NAME CHANGE AND FILES CSE LISTING STATEMENT

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VANCOUVER, BC, Oct. 16, 2026 /CNW/ — DGEN Technologies Corp. (formerly China Keli Electric Company Ltd.) (the “Company”) is pleased to announce that it has completed its previously announced acquisition of DGEN Financial Holdings Corp. (formerly DGEN Technologies Corp.) (“DGEN”) pursuant to a share exchange agreement dated December 9, 2025, as amended on August 17, 2026 (the “SEA”) on October 14, 2026 (the “Transaction”).

Pursuant to the Transaction, the Company acquired all of the issued and outstanding shares of DGEN in exchange for the issuance of an aggregate of 9,550,360 common shares of the Company (“Common Shares”) and 7,000,360 Common Share purchase warrants (“Warrants”) to certain former shareholders of DGEN. Each Warrant entitles the holder to acquire one Common Share at a price of $0.25 until October 14, 2028. As a result of the Transaction, DGEN became a wholly-owned subsidiary of the Company. As of the date hereof, the Company has 29,161,364 Common Shares and 7,000,360 Warrants issued and outstanding.

In connection with the completion of the Transaction, the Company changed its name from “China Keli Electric Company Ltd.” to “DGEN Technologies Corp.” and, hereinafter, will carry on the business of DGEN.

Listing Statement

Following the closing of the Transaction, the Company has filed a CSE Form 2A listing statement dated October 14, 2026 (the “Listing Statement”) on SEDAR+ under its profile relating to the Transaction and the proposed CSE listing. Investors are encouraged to review the Listing Statement, which provides detailed information about the Transaction, the Company and its operations.

The Company has received conditional approval to list the Common Shares on the Canadian Securities Exchange (the “CSE”) and has delisted the Common Shares from the TSX Venture Exchange in anticipation of listing on the CSE. The Common Shares are expected to commence trading on the CSE under the symbol “DGEN” on or about October 20, 2026.

Board of Directors and Management

Following completion of the Transaction, the directors and officers of the Company are Cole Goodwin, Chief Executive Officer and Director, Philip Lo, Chief Financial Officer, Corporate Secretary and Director, Sean Webster, Director, and Yee Man Cheung, Director.

Mr. Goodwin is a business executive with over 10 years of experience in alternative and traditional investment markets, financial technology and corporate operations. His experience includes senior management and board roles with publicly traded companies, including as Chief Operating Officer of Hyper Bit Technologies Ltd. Mr. Goodwin provides the Company with strategic and operational oversight in respect of its technology platform, including development and commercialization of payment infrastructure, integration of payment gateways, technology deployment and vendor management.

Escrow

At the time of listing, the Company will have 2,496,000 Common Shares and 1,000,000 Warrants held by related persons subject to escrow pursuant to an escrow agreement dated October 14, 2026 among the escrowed securityholders, the Company and Odyssey Trust Company, as escrow agent, subject to a 36-month release schedule pursuant to National Policy 46-201 – Escrow for Initial Public Offerings.

About DGEN Technologies Corp.

DGEN Technologies Corp. is a Vancouver-based technology company developing a cloud-based payment platform intended to integrate point-of-sale, kiosk and mobile payment systems into a unified and scalable solution. The Company’s platform is currently in beta stage and is operational, but has not yet been commercialized or generated revenue.

The CSE has not reviewed, approved, or disapproved, and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws, including, without limitation, statements with respect to: the expected listing of the Common Shares on the CSE; the satisfaction of any remaining conditions to listing; the business and operations of the Company following completion of the Transaction; the Company’s platform, including its development, commercialization, functionality, market adoption and ability to generate revenue; the Company’s intended business objectives; the escrow arrangements applicable to certain Common Shares and Warrants; and future plans and expectations of the Company. Forward-looking information is based on management’s current expectations, estimates, projections, beliefs and assumptions as of the date of this news release.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to: the possibility that the Common Shares may not commence trading on the CSE when expected or at all; risks relating to the Company’s early stage of development; the fact that the platform is in beta stage, has not yet been commercialized and has not generated revenue; risks associated with development, commercialization and market adoption of the platform; competition from established payment technology providers; reliance on third-party contractors and service providers; additional financing and dilution risks; market volatility; regulatory, compliance, cybersecurity and data privacy risks; risks relating to escrowed securities; and the other risks described in the Listing Statement. Readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date of this news release. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

SOURCE DGEN Technologies Corp.

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ASSA ABLOY sells PKI business unit to Vista Equity Partners

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STOCKHOLM, Oct. 16, 2026 /PRNewswire/ — ASSA ABLOY has signed an agreement to sell HID’s PKI business unit to Vista Equity Partners (“Vista”).

The PKI business unit (Public Key Infrastructure) provides digital trust, identity, authentication, encryption, and certificate management solutions. The business unit includes PKI SaaS – IdenTrust and HydrantID – credential management, and ZeroSSL.

“I find it very satisfying that with Vista, the PKI business unit and its employees and customers gain a committed long-term investor, creating new opportunities for the future and I wish them every success,” says Nico Delvaux, President and CEO of ASSA ABLOY.

“Our PKI team has built a strong business with a strong customer base, and Vista has the expertise to take it forward as the market evolves,” says Björn Lidefelt, EVP and Head of HID. “We are pleased with this outcome for our customers, our employees, and for HID.”

The divested business had sales in 2025 of MUSD 58 (approx. MSEK 570) with a strong operating margin.

The divestiture is subject to customary closing conditions and is expected to close during the fourth quarter of 2026.

For more information, please contact: 
Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82
Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72
Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68, e-mail: bjorn.tibell@assaabloy.com

About ASSA ABLOY
ASSA ABLOY is the global leader in access solutions. Every day we help people feel safe, secure and experience a more open world. We operate worldwide with 64,000 employees and sales of SEK 152 billion, with leading positions in areas such as efficient door openings, trusted identities and entrance automation. Our innovations enable safe, secure and convenient access to physical and digital places.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/assa-abloy/r/assa-abloy-sells-pki-business-unit-to-vista-equity-partners,c4410007

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