How Much Does It Cost to Develop An E-Learning App?

As the world moves towards digitization, innovations are taking place, and e-learning app development is one of them. As per the research, during the COVID-19 outbreak, around $600 billion education industry got shifted to digital platforms. In the coming time, 95% of them are expected to have a digital e-learning platform.

Inspired by the popular e-learning applications like Udemy or Coursera, business owners plan to develop such e-learning applications. So, if you are also sailing the same boat and planning to develop an e-learning app like Udemy or others, this blog will be helpful for you. It throws light on everything about e-learning app development cost and more. So, let’s start exploring things one by one.

Market Statistics Of E-Learning App Development

In 2020, the e-learning app development market was around $250 billion and projected to grow at a CAGR of 21% by 2027, i.e., approximately $1 trillion.
Around 77% of universities & schools used the online learning method in 2017, and the number uplifted to 98% by the end of 2020.
In today’s time, the one with e-learning applications can expect faster growth than those who don’t.
As per a survey, among 2500 companies training programs, the revenue increased by 218% with a profit margin of 24%.
Professionals predicted that the increased adoption of education app development could take the mobile-based e-learning market to $80 billion by the end of 2027.

These are some of the current stats about e-learning app development that clearly indicate the importance of online education in today’s time. Besides this, those who are already aware of the importance of e-learning applications keep on wondering about the e-learning app development cost.

So, here the mobile app developers have mentioned some of the major factors that greatly influence the IoT app development cost.

Major Factors Affecting E-Learning App Development Cost

Generally, a basic e-learning app costs around $10,000 to $30,000 depending on the features, complexity, and more. There are ample factors that affect the cost, and the major ones are highlighted below.

Complexity

This is one of the most obvious yet major factors that greatly influence the e-learning app development cost. The more features & functionalities your application will contain, the more complex it will become, and its price will be higher. So, do not make the application overly complex by including unwanted features and functions.

MVP Features

MVP approach and features come with their own set of advantages. So, integrating them into your e-learning app will reduce the cost of development and marketing for your application. Also, the features you define for the student panel, admin panel, and landing pages will help you manage the costing accordingly.

Platform & Tech Stack

Every application has its own platform requirements and tech stack involvement. For instance, e-learning app development cost for android is much less than developing an application for iOS. Besides this, the tech stack utilized during mobile app development also affects the cost greatly. So, you have to plan everything before development to get an estimate of the cost required for an e-learning application.

Development Team

Besides development, designing, and features, the developers you hire for your education app development also leave a major impact on the cost. There are different hiring models available, and each of them has a different pricing structure. For instance, when you hire dedicated developers for full-time, you have to pay more than that on a part-time or hourly basis. You can also tell your budget to the professionals, and they will offer you the best possible solution.

Time & Efforts

Finally, coming to the last factor yet a very crucial one, i.e., the time and efforts required during mobile app development. All the factors mentioned above are relevant as the e-learning app’s feature, size, complexity, and more define the efforts and time required during mobile app development. So, this factor either increases or decreases the e-learning application cost.

These are some important factors that influence the cost of education app development. However, along with focusing on the factors affecting the cost, you should also be well-versed with the ways to monetize your application.

Tips to Monetize Education App Development Platform

Vector concept of workshop business training. Online education, courses, e-learning. Agile software development process. Project management. Students sitting with laptops and learning.

Now when you have an estimated idea of the cost of e-learning app development, it is time to discover the best ways to make money out of your e-learning application. Here’s the list of tips to monetize e-learning app development platforms.

In-App Advertisements

This is one of the most popular monetization methods and is best appropriate for e-learning applications. You can also enable sharing educational material on social media and then see how students will promote your application. Once your application becomes popular, you can start with paid advertisements to showcase the relevant product and service.

Subscriptions

You can first engage the users to offer some exciting features and functionalities to your e-learning app but then keep them limited. Then, provide the premium features in the subscription panel so that students will buy them to unlock the advanced features. Another amazing way is to offer a free trial for the first seven days and then ask the user to subscribe.

In-App Purchases

While integrating in-app purchases into your education app, you will enable the users to access the application from the beginning. But, for that, they have to purchase the courses. You can also introduce some starter packs with some basic courses for free. This will increase user engagement and, in turn, bring in desired business profit in less time.

Summing Up

E-learning has become a mandatory part of our daily lives. Attributable to its flexibility, e-learning app development is growing every passing day. So, if you already have an idea, get in touch with education app development company professionals, and they will help you turn your business idea into reality. Just discuss your application idea with the professionals, ask them about the e-learning app development cost, and get started with the development process.

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