Are you a founder struggling to develop that cutting-edge idea for your startup? Have you come up with a plan to create an EdTech app, but you don’t know how to go about it?
Are you stuck with the question: Is this the right time to develop an educational app?
If you have any of these questions in mind, then you should read this article on educational mobile application development.
This article will help you learn how to create an e-learning app that will give your startup the breakthrough it needs.
If you prefer visual to text, then go straight to the bonus infographic “How to build EdTech startup”.
Let’s get started.
Why Is It a Good Idea to Create an EdTech Startup Right Right Now?
As we all know, the Covid-19 pandemic and the consequential restrictive laws changed the way people interact, work, and learn.
A prime example is the concept of learn-unlearn-relearn, which is widely adopted. You could even say that it is a highly concise framework for the entire learning process in the 2020s.
The outcome of this opens opportunities for educational app development to develop new EdTech products and bring new business models and innovation.
Therefore, future founders should create innovative apps that appeal to students, tutors, and educational institutions.
Some online educational solutions that entrepreneurs should consider due to the surge in demand include:
- Learning applications for easing the learning process of toddlers.
- Students, applicants, and pupils that need help to prepare for exams,
- Specialists willing to get a new qualification,
- Individuals with the desire to try something different, upgrade their educational qualifications and master a skill.
To help you make an educated decision on the type of app you’d like to opt for, we’ll discuss the cost involved in subsequent sections but first, let us discuss the market landscape.
E-Learning Market Statistics
- Research by Statista suggests that the eLearning market will be worth $243 billion by the end of 2022.
- Another report indicates that the market will increase by $289 billion in 2024.
- Prediction by Research and Markets data provider suggests that the global EdTech market will be worth a staggering $398 billion by the end of 2026.
The online learning market is well on course to bring this prediction to reality as investments in this sector peaked in 2020.
Most of that money, 42.9%, which are going into EdTech are based in the US.
Of all those investments, a significant part of that money went to AI-based learning tools, e.g., virtual reality, while mobile learning tools account for 15.9% of the investment.
Best Time for Mobile App Development
During the first half of 2019 and up to now, the Covid-19 pandemic caused a surge in traffic going to online educational platforms and learning materials.
Both Android and Apple app stores experienced a near 100% increase in educational application download within this period.
Educational apps currently rank the third most popular application category on Apple Store and the second most downloaded category on the Google Play Store.
The primary reason for the increase is the impact of the Covid-19 pandemic that has shifted from the traditional teaching method. It shows that people are gradually beginning to embrace the idea of learning with apps.
More and more tech companies recognize this demand surge and are filling the gap by venturing into application development for the education industry.
For example, TikTok launched #LearnOnTikTok in 2020, a platform that helps TikTok users self educate in a fun but highly educative way.
As they say, use gamification correctly, and it will become a viral trend.
What’s the Cost of an Educational App Development?
The cost of the development of an educational app varies from $25,500 to $50,000. It is the price of creating an MVP.
The price depends on various factors: from the complexity of an idea to the level and location of an app development company. Let’s take a closer look at a few factors.
You can read more about build an educational app here.
Trade Balance - Finance minister Sri Mulyani Indrawati hope peace trade war between the United States (U.S.) and China can have a positive impact to the performance of Indonesian exports and imports.
"Maybe (the decision of the U.S.-China) this will also give a positive impact (on trade)," he said in the Office of the Directorate General of Taxes, Jakarta, Monday (14/10).
Even so, he did not want to estimate the performance of the trade balance along with the absence of peace negotiations between the Land of Uncle Sam and Negerit the Bamboo.
Meanwhile, the Chief Economist of Bank Mandiri Andry Asmoro estimate the performance of imports and exports will still decline in September 2019.
Nevertheless, the trade balance surplus is expected to improve from US$ 85,1 million in August to US$ 325 million.
According to Andry, exports in September fell 1.76% compared to the previous month or 6% compared to the same period last year to the range US$ 14.3 billion.
But what is gamification – really? For the first time, there are more expected to see 3.7 billion mobile health app downloads were recorded in 2017, globally. Gamification offers more flexibility than using a game.
There are a number of ways gamification can be the globalization of advanced healthcare system. There are various benefits of gamification, let’s discuss more deeply.
Here's all you need to know about Gamification Solutions and how it can be beneficial for today's businesses.For more details:-https://www.scalexm.com/how-beneficial-gamification-solutions-are-for-todays-businesses/
