Hawaii Demography
Hawaii, also known as the Aloha State, is a beautiful archipelago located in the Pacific Ocean. With a population of approximately 1,435,138 people, Hawaii is a vibrant and diverse community. The state has experienced a steady annual growth rate of 6.98%, indicating a thriving population.
Out of the total population, there are 1,133,759 individuals who are over 18 years old. This demographic represents a significant market for various services, including Magento Development.
Hawaii Business Landscape
Hawaii boasts a robust business landscape, with a GDP of $108,993 million in 2023. The state's economy has been growing at an impressive rate of 8.7%. Additionally, the corporate tax rate stands at 6.4%, making it an attractive destination for businesses.
As of 2024, there are 56,522 registered businesses in Hawaii, showcasing a yearly change rate of 9.2%. This indicates a thriving entrepreneurial spirit and a favorable environment for business growth.
Magento Development Services Globally and in Hawaii
The global market size for Magento Development services is estimated to be $84,400, with a growth rate of 2.6%. The United States holds a significant share of approximately 65%, amounting to $54,860.
In Hawaii, the demand for Magento Development services is on the rise. Businesses in the state are recognizing the importance of having a strong online presence and are seeking professional assistance to develop their Magento platforms.
Magento Development Services in the US
The United States is a leading market for Magento Development services, with a substantial share in the global market. Businesses across the country are leveraging Magento to enhance their e-commerce capabilities and drive growth.
Top Hawaii Cities: Economic Insights
One of the most economically significant cities in Hawaii is Honolulu. With a population of 964,678 people in 2023, Honolulu serves as a major hub for commerce and tourism. The city boasts an impressive income per capita of $30,361, indicating a strong economic foundation.
Magento Development Price in Hawaii
When it comes to the pricing of Magento Development services in Hawaii, there is a range of budgets to cater to different business needs. According to Qualified.One statistics, the breakdown of project budgets 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% |
| Above $10 million | 0.2% |
On average, a Magento Development project in Hawaii has a size of $58,073. This figure provides businesses with an idea of the investment required to develop their Magento platforms.
Overall, Hawaii presents a promising market for Magento Development services, with a growing population, a thriving business landscape, and a demand for professional e-commerce solutions. Businesses in the state can leverage Magento to enhance their online presence and drive growth in the digital realm.