Introduction
Welcome to Qualified.One, a leading digital B2B marketplace specializing in eCommerce Development services. In this article, we will explore the landscape of eCommerce Development services in Rhode Island (RI). With our expertise and experience, we aim to provide you with valuable insights into the demography, business landscape, and pricing of eCommerce Development services in Rhode Island. Whether you are a business owner or an individual looking to venture into the world of eCommerce, this article will equip you with the necessary information to make informed decisions.
Rhode Island Demography
Rhode Island, with a population of approximately 1,095,962 people, is a small but vibrant state in the United States. The state has experienced an annual growth rate of 4.26%, indicating a steady increase in its population. Out of the total population, there are 887,729 individuals who are over 18 years old, representing a significant market for eCommerce Development services.
Rhode Island Business Landscape
Rhode Island boasts a thriving business landscape, with a GDP of $77,948 million in 2023. The state has witnessed an impressive GDP growth rate of 8.9%, reflecting its economic strength. Corporate tax in Rhode Island is set at 7%, making it an attractive destination for businesses. As of 2024, there are 47,982 registered businesses in the state, with a yearly change rate of 4.5%. These figures highlight the entrepreneurial spirit and business-friendly environment in Rhode Island.
eCommerce Development Services Globally and in Rhode Island
The global market size of eCommerce Development services is estimated to be $1,492,308, with a growth rate of 2.6%. The United States holds a significant share of approximately 65% in this market, amounting to $970,000. This indicates the dominance of the US in the eCommerce Development industry. In Rhode Island, businesses can tap into this global market and leverage the expertise of local eCommerce Development service providers.
eCommerce Development Services in the US
The United States is a hub for eCommerce Development services, offering a wide range of solutions to businesses across various industries. With its advanced technological infrastructure and skilled workforce, the US provides a conducive environment for eCommerce growth. Rhode Island, being a part of this thriving ecosystem, offers businesses access to top-notch eCommerce Development services.
Top Rhode Island Cities: Economic Insights
When it comes to economic insights, two of the most important cities in Rhode Island are Newport and Bristol. Newport has a population of 82,545 people as of 2023, with an income per capita of $40,293. Bristol, on the other hand, has a population of 49,426 people in 2023, with an income per capita of $38,893. These cities present significant opportunities for businesses looking to establish their presence in Rhode Island.
eCommerce Development Price in Rhode Island
Understanding the pricing of eCommerce Development services is crucial for businesses planning their budgets. In Rhode Island, the pricing of eCommerce Development agencies varies based on project size. According to Qualified.One statistics, the average eCommerce Development project size is $58,073. The distribution of project budgets in Rhode Island is as follows:
| Budget Range | Percentage of Projects |
|---|---|
| Below $10,000 | 31.4% |
| $10,000 - $50,000 | 38.9% |
| $50,000 - $200,000 | 20.9% |
| $200,000 - $1 million | 1.3% |
| $1 million - $10 million | 0.2% |
| Over $10 million | 0.2% |
These figures provide businesses with a clear understanding of the budget ranges they can expect when seeking eCommerce Development services in Rhode Island.