Big data isn't just for big business. Thanks to emerging Hadoop as a Service (HDaaS) platforms, small and midsize companies are positioned to ride the big data wave, according to a Research and Markets report.

HDaaS -- basically, platform as a service -- eliminates the need for on-premises hardware and manages all the data crunching in the cloud. The HDaaS market will expand at a compound annual growth rate (CAGR) of 84.81 percent from 2014 to 2019. Amazon, EMC, IBM and Microsoft will dominate the market, Research and Markets predicted.

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