infrastructure as a Service (IaaS) Market Overview & Los Angeles Providers
The Infrastructure as a Service (IaaS) market continues to demonstrate robust growth, driven by enterprise demand for scalable, flexible IT resources.A key trend is the increasing focus on data residency and sovereignty,allowing organizations to move to the cloud incrementally while maintaining control over their data and operations.
Investment in Artificial Intelligence (AI) infrastructure is a significant driver for cloud providers aiming to lead the emerging AI-optimized IaaS segment. While currently a smaller portion of overall IaaS revenue, AI is expected to become a considerable revenue contributor in the future. Alongside hyperscalers, emerging providers offering GPU as a service (GPUaaS) are addressing immediate compute capacity needs with on-demand, high-performance solutions.
In 2024, the top five IaaS providers collectively held 82.1% of the market share. Amazon led the market with $64.8 billion in revenue, representing a 37.7% market share. Microsoft followed with a 23.9% share. Google, Alibaba Group, and Huawei maintained their positions from the previous year.
Los Angeles-Based IaaS Providers
Several companies based in Los Angeles offer IaaS solutions, providing businesses with cloud computing resources – including servers, storage, and networking – enabling application advancement and deployment without direct infrastructure management. These include:
* Mission Cloud: Specializes in outsourced IT support and management, particularly for Amazon Web Services (AWS) infrastructure, emphasizing responsiveness, problem-solving, and cost optimization.
* Be Structured Technology Group: Focuses on delivering technology solutions to small businesses and nonprofit organizations, prioritizing effective and impactful technology implementations.
* CyberDuo: Integrates IT and cybersecurity services, offering complete protection, with a particular strength in managed Security Facts and Event Management (SIEM) services for small businesses, startups, and nonprofits.
* TechMD: Provides a broad range of IT solutions, including cloud migration assistance, IT infrastructure support, and cybersecurity enhancements.
* AllSafe IT: Offers managed IT services, cloud computing solutions, and phone systems, positioning itself as a provider of “Worry free IT Services.”
* Exigent Technologies: Serves small to mid-sized businesses in the Los Angeles area, concentrating on technology guidance and support.
* Techmedics: delivers flexible managed IT support plans with dedicated teams of certified engineers.
* OpenX Technologies: Specializes in digital advertising markets and technologies, focused on maximizing value for both publishers and advertisers.
* Kobe Digital: Primarily known for Search Engine Optimization (SEO) services,Kobe Digital also provides services relevant to businesses requiring cloud infrastructure for their online presence.
These companies contribute to the vibrant technology ecosystem in Los Angeles and offer diverse IaaS solutions tailored to the needs of various businesses. The continued investment from large organizations indicates IaaS is a sustained and growing trend within the IT landscape.
