The best IoT Development agencies and companies in Arkansas

As a leading digital B2B marketplace, Qualified.One is committed to providing comprehensive insights into the IoT development services landscape. Our focus today is on the state of Arkansas, a region that has shown significant growth and potential in this sector. We will delve into the demographic and economic data, the business landscape, and the specifics of IoT development services in Arkansas. Our goal is to provide a clear picture of the opportunities and challenges in this market, based on reliable data and analysis.

Arkansas Demography

Arkansas is home to approximately 3,067,732 people, with an annual growth rate of 3.28%. The majority of the population, around 2,362,154 people, are over 18 years old. This demographic data is crucial as it provides insights into the potential market size for IoT development services in the state.

Arkansas Business Landscape

As of 2024, Arkansas boasts 103,230 registered businesses, showing a yearly change of 5.1%. The state's GDP stands at $176,878 million in 2023, with a growth rate of 10.6%. The corporate tax rate in Arkansas is 5.3%, which is a significant factor for businesses considering investment or expansion in the state.

IoT Development Services Globally and in Arkansas

The global market size for IoT development services is $87,500,000, with a growth rate of about 23.46%. The United States holds a significant share of this market, approximately 33%, or $28,875,000. As part of the US, Arkansas contributes to this share and has the potential for further growth in the sector.

IoT Development Services in the US

As mentioned, the United States holds a significant share in the global IoT development market. This is due to the country's advanced technological infrastructure, high levels of digital literacy, and a robust business environment that encourages innovation and entrepreneurship.

Top Arkansas Cities: Economic Insights

Several cities in Arkansas stand out for their economic importance. These include Washington, Lonoke, Conway, Johnson, Jefferson, Franklin, Van Buren, Madison, and Marion. These cities have populations ranging from 15,671 to 207,911 and per capita incomes ranging from $18,188 to $23,264. These cities represent significant markets for IoT development services in Arkansas.

IoT Development Price in Arkansas

The pricing of IoT Development agencies in Arkansas varies. According to Qualified.One statistics, 10.8% of projects have a budget below $10,000, 30.8% have a budget of $10k-$50k, 36.9% have a budget of $50k-$200k, 3.1% have a budget of $200k-$1 million. However, no projects have a budget of $1 million-$10 million or over $10 million. The average IoT Development project size is $89,446.

Summary of IoT Development Market in Arkansas

Market Size	Growth Rate	US Market Share	Average Project Size
$87500000	23.46%	33%	$89446

IoT Development agencies in United States

IoT Development agencies in Arkansas cities

Other Development companies in Arkansas

TOP 100 IoT Development companies in Arkansas