The educational industry has significantly evolved over the recent years. Primarily centered around handwritten notes and lengthy lectures, education is now digitalized prioritizing connectivity, feasibility, and convenience. The last few years have set a milestone for educational app development and prepared it for growth- $1.72 trillion in 2022 and 2026. The e-learning market is expanding rapidly becoming one of the top industries with most of the mobile developed applications. For instance: Duolingo has been the most adopted language-learning app with over 98 million downloads.
If you also want to become a part of an expanding industry, you can get a comprehensive guide through this knowledgeable blog on the types of apps and the accompanying educational app development costs.
What Is The Market Size Of Educational Apps- A Market Overview
The pandemic has stimulated educational institutions to embrace digital technologies. The shift towards mobile solutions not only brings about innovative learning methods but also ensures accessibility, and convenience and promotes effective training. For those considering an opportunity to enter into the education sector, it is essential to be ready for intense competition and to be well-educated with the market size.
Leading industries like Apple, Dell, Lenovo, Samsung, and Fujitsu are currently reaping substantial profits through investments in the technology of developing educational apps.
According to Statista’s approximations, the educational app sector is most likely to expand and reach $300 billion by the end of 2024.
Another research predicted the expansion of the e-learning industry to $350 billion by 2025, with half of the revenue generated from e-learning apps. The future of educational app development appears promising.
Educational App Development Cost Estimation- Key Factors
To generate handsome revenue on this platform, you must have an in-depth knowledge of the e-learning app development process.
Let’s discover the steps on how to create an educational app and the accompanying costs for app development.
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Ideation
This stage involves generating ideas for educational app development. Since there are various parameters involved and several ideas available in the market, entrepreneurs should first decide on their app idea. You’ll need to research your market size, and your target audience, identify their needs and pain points, and brainstorm ideas for how your app can address those needs and how you can further integrate your app through additional features and functionalities.
2. Extensive Market Research
To enable your app to thrive effectively in the educational app development platform, it is very essential to understand the needs of your targeted audience, identify the gaps in the market and refine your app idea accordingly.
3. Design
With intuitive navigation and visually appealing layouts, users can effortlessly engage with the educational content, fostering a positive learning environment. To effectively compete in the market, you will first need to carefully analyze your competitor’s unique and compelling features they are offering. You can also browse some top applications and analyze their features and designs and can also have an in-depth insight by reading through the comment section and seeing what the customers desire. You can then efficiently plan the UI/ UX and visual elements of your app. This stage involves wireframing, prototyping, and creating a style guide. This step is very crucial as it further estimates the cost of developing your educational app.
4. Development
After a visually appealing design is complete, it’s time to build an app. This stage generally involves programming and coding, as well as integrating features such as gamification, social learning, and assessment tools. You may need to hire a team of developers or outsource the process. Some of the essential features that your app might consist of are as follows:
- Gamification
- Offline access to resources
- In-app group chat facilitation
- Dashboard for Users
- Tracking facilities
5. Testing
Education mobile app development involves an essential stage of testing the app. The app then needs to be tested thoroughly to ensure it’s bug-free and has also qualified the quality assurance assessment.
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Deployment
The deployment stage refers to the launch of your application in the app stores. This stage also demands listing, optimizing your app to be ranked in search engines and effective promotional strategies so as to generate massive organic traffic in your application.
With careful planning and execution, the app development process can be a profitable and rewarding experience that transforms the way you earn.
Planning The App Development Platforms- Android/ iOS/ Cross-platforms
For a thriving educational mobile application, it is advisable to ensure compatibility across various devices and platforms and to also estimate the Android and IOS app development cost before the development process. Several key factors should not be underestimated when determining the app development platform, including:
- TIME FRAME
- GEOGRAPHIC LOCATION
- ASSOCIATED CHALLENGES AND COMPLEXITIES
- DEVELOPER’S SKILLSET AND EXPERTISE
In ensuring the success of your app development service, selecting the appropriate platform is a strategic decision that relies on these above mentioned factors.
How Much Does It Cost To Make An Educational App?
Investors aiming to invest in the educational app development platform have the question of the cost of developing an educational app of the most concern. The key accompanying factors that add to the app development cost are as follows:
- App idea, targeted audience, number of platforms
- App’s intricacies and functionalities
- Challenges and constraints involved
- Budget and Timeframe
- Developer’s expertise and Location
Read the following to have a clear concept of how these factors add to the educational app development costs.
- Time frame: Assess the time constraints associated with the development process and your decision for launching the application.
- Geographic Location: Consider the geographic locations where your target audience resides. Different regions may have varying preferences for mobile platforms, influencing your choice and also the educational app development cost.
- Challenges and Complexity: Evaluate the challenges and complexity involved in developing the app for different platforms. This includes assessing the technical intricacies and complexities associated with each platform.
- Budget and Developers’ Expertise and Skillset: Take into account your budget constraints and the expertise of your development team. Hire app developers who are proficient in working with various platforms and how they align with your financial resources.
Effectively estimating the cross-platform and web app development costs to proceed with a well-structured plan enables you to estimate the success of your app.
Emerging Technologies In The E-learning Platform
- ARTIFICIAL INTELLIGENCE (AI): AI promotes personalized learning experiences. The AI technology does it through analyzing user data and tailoring content and feedback to individual needs.
- Augmented Reality (AR) and Virtual Reality (VR): They both stand out as the most compelling tools that significantly enhance learning experiences. AR app development service promotes learning by analyzing scannable content and visually placing the learning material. Capable of simulating real-world scenarios, these technologies enhance comprehension of intricate concepts.
- BLOCKCHAIN TECHNOLOGY: It emerges as a robust solution for establishing secure and transparent digital records of student achievements and progress. It further promotes the development of decentralized educational platforms.
- CHATBOTS: Virtual assistants such as Siri and Alexa play an important role in our daily lives and have also significantly evolved the educational sector. This dynamic technology has even enabled users to transform lectures into conversational exchanges or text messages contributing to an enhanced learning experience for users.
Choose Us As Your Trusted App Developer
To have an impactful insight into the educational app development platform, choose Xenonapp app development company. Our team of proficient app developers fulfills all your project needs, ensuring timely delivery and efficient deployment. With years of experience in developing various applications for multiple platforms, we invite you to reach out today to initiate a discussion about your project requirements and have a smooth experience with us
FREQUENTLY ASKED QUESTIONS (FAQS)
Q1: HOW MUCH MONEY DO EDUCATIONAL APPS MAKE?
The approximate profitability of educational apps can vary based on factors such as the app’s popularity, its targeted audience, the functionalities and features involved, and the overall market size. The revenue potential can range from sufficient earnings to handsome profits.