A group of cloud-based companies are looking to make money from a niche market with the launch of an online marketplace for storage and cloud storage services.
The cloud storage market is one where companies such as Amazon and Google make a lot of money from their cloud-storage services and other cloud-related services.
But many of those companies also make money selling their services on the cloud to users.
The online marketplace will allow companies to make revenue from their services and the cloud storage space.
The Cloud Storage and Storage Cloud Technologies Association, or CTSCA, a US-based industry group, said the online marketplace would help the cloud companies make money by selling services on their platforms.
“Cloud providers will be able to provide cloud storage solutions to businesses and customers and, in turn, increase the business value of cloud storage,” it said.
“By selling services directly to customers, cloud providers can attract and retain new customers and expand the market for their services,” it added.
The group said it expected cloud storage companies to have $30 billion to $50 billion in revenue by 2020.
But the group cautioned that the cloud is still very new and it would take a long time to make a profit.
“There are some cloud providers who have seen revenue increase by $20 to $40 million per year in the last five years,” it warned.
“The real question for these companies is how long can they keep up with these incremental revenue increases?”
“This is a business, as we’ve seen, that’s a little bit in the weeds,” said Andrew Peebles, a cloud storage analyst at Strategy Analytics.
“There’s a lot that needs to be done in terms of scaling up.
The market is quite young.”
The group suggested that cloud providers sell their services in a bundle that included storage, data storage and analytics.
“It’s a hybrid where the cloud providers get a bundle of services and cloud computing vendors get a suite of cloud computing offerings,” it told Business Insider.
“This will help cloud providers to sell their cloud storage products to businesses who are interested in accessing cloud data.”
The Cloud X platform is based on the HyperX Cloud Engine platform, which Amazon launched last year and Microsoft launched this year.
The HyperX is a platform that was designed for big data and has also been used to provide analytics services for businesses.
The HyperX cloud is currently available in 32 countries, including the US, Europe and Asia.
Microsoft is also selling the HyperDrive cloud storage platform, but its products have been limited to the US.