Qualified.One is a leading digital B2B marketplace that provides comprehensive data and insights into the Social Media Marketing landscape. Our services are designed to help businesses make informed decisions and optimize their marketing strategies. With a focus on California, we offer a detailed analysis of the state's demographic, business landscape, and the Social Media Marketing services available. We also provide economic insights into the top cities in California and the pricing of Social Media Marketing services in the state.
California Demography
California is home to approximately 38,965,193 people, with an annual growth rate of 6.13%. The population over 18 years old is 30,392,851, making it a significant market for businesses.
California Business Landscape
As of 2024, California boasts 1,767,720 registered businesses, with a yearly change of 4.6%. The state's GDP stands at $3,898,158 million in 2023, with a growth rate of 11.6%. The corporate tax rate is 8.8%, which is a crucial factor for businesses considering their financial planning.
Social Media Marketing Services Globally and in California
The global market size of Social Media Marketing services is $392,175, with a growth rate of about 34.13%. The United States holds a significant share of this market, approximately 73%, or $286,288. California, with its robust business landscape and large population, is a significant contributor to this market.
Social Media Marketing Services in the US
As a part of the United States, California contributes significantly to the country's dominance in the Social Media Marketing services market. The US holds about 73% of the global market, which translates to approximately $286,288.
Top California Cities: Economic Insights
California's economic powerhouses include Santa Clara, Alameda, Orange, Ventura, San Diego, Sacramento, Riverside, San Bernardino, and Fresno. These cities have large populations and substantial income per capita, making them attractive markets for businesses.
Social Media Marketing Price in California
The pricing of Social Media Marketing agencies in California varies. According to Qualified.One statistics, 44.5% of projects have a budget below $10,000, 33.3% have a budget of $10k-$50k, 18.1% have a budget of $50k-$200k, 0.8% have a budget of $200k-$1 million, 0.4% have a budget of $1 million-$10 million, and 0.4% have a budget over $10 million. The average Social Media Marketing project size is $65,303.
Summary of Social Media Marketing Market in California
| Market Size | Growth Rate | US Share | Average Project Size |
|---|---|---|---|
| $392,175 | 34.13% | 73% | $65,303 |