While the education domain had been grappling with doing something different for a very long time, the pandemic forced them to transform and explore robust LMS platforms. With coronavirus mutating to its more deadly self, remote learning platforms are preparing to stay for the long haul. 

At a time like this, educators need to ask: Is the LMS I am using prepared for the changing demands in the education sector? Are the features of LMS platforms ready for the distance? 

Here, we will be discussing the remote learning enabling features that should be present in all the online learning platforms as we enter 2021 and prepare to make your LMS system for online teaching to join the sector’s growth statistics. 

As we enter a new year, it is important to understand what didn’t work for a majority of the online learning platforms in 2020, so that the same mistakes are not repeated in the year to come. 

What Didn’t Work for Learning Management System for Schools in 2020

One issue that I can presume to be the biggest factor behind criticisms from digital learning platforms in 2020 was the learnability curve. Both instructors and students were very new to the idea of online learning, which made the adoption of LMS distance learning a challenge for the industry as a whole. The fact that teachers and students were extremely habitual to the traditional learning structure kept them from realizing the true benefits of distance learning with LMS platforms. 

As we enter 2021, we will have to note that the best LMS systems will be the ones that are easy to operate and is scalable enough to support x number of students and study material. Educators will also have to look into a change in the way they deliver classes and course material – switching from reading material to visual or integrating immersive technologies like AR/VR in course delivery. 

Besides these, let us look into some of the top reasons why educators asked for an LMS software switch. These reasons, on many grounds, also act as the key factors why education startups fail.

These pointers, irrespective of the percentage count of people having issues with them are a good place for educators to start when designing LMS platforms. So the next time you connect with an elearning app development company, ask them their plans around handling these challenges to get an idea of how prepared they are to handle your projects surrounding learning management systems in higher education or online learning platforms for businesses. 

Now that we have peeked into the issues that made educators ask for an LMS switch, let us look into the features that would help you biome one of the Best online learning platforms in 2021. 

Remote Learning Friendly Features That Would Define The Best elearning Platforms in 2021

1.  Considerate of different network conditions

The difference in network conditions is one of the biggest issues attached to the mass adoption of LMS solutions. Even amidst the pandemic world when instructors and students were forced to use an LMS, low internet connectivity issues are what is keeping them from having seamless learning and teaching experience. 

To solve the crippling issue, educational app developers will have to concentrate their efforts on native software development and other offline-friendly technologies like progressive web applications. On the other hand, the system will have to be developed with a hybrid approach in mind – some features (like document creation, modification) should be available on an offline mode while others must be online only (like test and assessment).

2.  High concurrency friendly 

One of the ways you can make your LMS solution a profitable business model is making it high concurrency friendly. By enabling all your students and teachers to be active on the platform at once while performing the usual session tasks like video conferencing, documents upload and download, report management, etc. you will be able to create a seamless experience, one which is glitch-free. 

The only way you’ll be able to do it is through the creation of a high-concurrency friendly LMS software. 

3. Presence of content development tools 

If we enlist the top functionalities of an LMS software, the one that would top the series in every educational software development services list, it’s the presence of content creation tools. 

While for the students, the content that they’ll generally have to create would be text, voice, and image-based; teachers or instructors will have to work around the creation of interactive content like videos, quizzes, assessments, etc. 

The best online learning platforms will be ones that enable the stakeholders to create the content within the application and thus save the complexity and time it takes to upload the content from another platform. 

4.  Cross-platform integration

Gone are the days when online-learning-centric students used to study on one LMS. In order to keep today’s students and instructors engaged, you will have to give them cross-platform capabilities. They will want to be reminded of when the homework is due on their Alexa device and have an immersive learning session on a VR device. 

For an education app development company, there’s no exciting time for the domain as now. Partner with an agency that holds expertise in technologies that create a seamless omni-channel learning experience. 

5.  Extension and scalability friendly 

The requirement around extensibility and scalability are two-sided. While on one hand, the LMS software must be designed to fit in extensive courses and assessment – one that would grow from class to class, on the other hand, it should be made to fit the technicality level of the system in place in schools. 

What LMS providers will have to consider in 2021 that unlike 2020, where the entire year ended with students being at home, there’s a high probability that they will return to schools. So, it’s important that the data which went into the LMS have a way to be synced with the traditional software in schools. 

While here were the features that instructors and students will be expecting as advantages of learning platforms, which a mobile learning app development company will be able to help with, there are other things YOU – the LMS brand owner will have to note. 

Here are some pointers that were noted by a Bay View Analytics survey which carried information on what faculties felt to be the most helpful functionality for them when conducting classes online – 

All the features that we covered in the article have been hand-picked by our in-house e learning app development experts. We believe that these features when integrated with other key features of a successful LMS software, can help make your product one that is best suited for scalable distance-learning LMS needs. 

In case you have another idea you wish to discuss with us, get in touch with our eLearning software development team.

The post How to Design Your LMS Features to Support Distance Learning? appeared first on Appinventiv.

Because of the lockdowns, classroom based education has been going under an existential crisis with the interruption becoming indefinite in scope. Online tutoring and homeschooling are being tossed as serious alternatives for face-to-face teaching. These past few months, have witnessed an exponential increase in queries for developing an online tutoring app.

If there is an educational sector that stands to benefit from the resurging interest in online tutoring, then that is the K-12 cohort. In 2019, the tutoring market associated with this sector was worth $600 million. It is projected from 2019 – 2023, tutoring for this section would expand at a rate of 23% CAGR.

So, if you’re someone who has already started with on-demand tutor app development, then this blog is just for you. We will be discussing some of the key on-demand tutor app features for the post Covid-19 era.   

Must-have Features of On-demand Tutor App 

The rise of apps in the online education industry has been nudged forward by parental insecurity for their children to miss out on timely education. Community schools are far from standardizing delivery for online tutoring services, due to which the private tutoring market is blossoming up. A standalone, private platform for tutors is faster to develop than an institution-centric application. 

But saying this does not take away the feature sets of either category. Whether it is a school teacher at the other end or a privately hired tutor on demand, the following features in on demand tutoring app would better the overall experience for both the master and the apprentice.

1.  Single Step Sign-in 

You want as many people to download and use the application as possible. But the days of long-format sign-up forms are a thing of the past. First-time users may not entirely want to stick around for the long haul. Make it easier for them to get into the app. Facebook or a Google sign-up option is the thing these days that instantly gratifies the user and moves them over to discover the app-content. If you want to keep it formal, then asking for an email, name, age and the mobile number should suffice. But no more than that. It’s better not to complicate matters by making users create brain-drain usernames.

2.  Smart Search Option

Congratulations, Elvis has entered the building. The first thing a user would do is to search for relevant learning material. So how do you optimize this critical step? Implement a smart search that sniffs keywords out instantly. Run of the mill educational app developers miss out on basic functionalities that users expect. The scope of user search is limited. Hence, on demand app developers should target all the short tail/long-tail keywords an average user might type in a frenzy, part of your algorithm. Then auto-suggest these as one types a query in the search field to make it easier for them to click and be directed to the relevant landing page.

3.  Top Courses 

Displaying the top courses on the homepage gives the student a broad idea of what the app is best suited to and the learning habits of people. Whatever you propose to educate students in, make sure you have a diversified, value adding course list. Udemy is one example. See how they boast their content repository and total users. The sheer size of the numbers would make anyone interested. 

4.  Personal Dashboard

On demand mobile app development is all about reinventing the wheel. How can you make something as basic as a personal dashboard stand out? Introduce a recommended section based on the purchase history of users. Push your IT team to introduce a widget for 3 types of recommendations during the course of an on-demand tutor app development:

• Related courses as per user browsing history 
• Related courses as per purchase history 
• Courses purchased together  

Alongside this, the dashboard should offer a progress meter sharing learning statistics for each individual. 

5.  Learn Where You Leave 

The Save Shopping Cart option where you save the stage of an order and return later to make the payment is a hit amongst the users. The same principle has been extended to education development. Immaterial of the circumstances, learners must have the option to pick their online, recorded lecture up right where they left-off. It sounds easy but requires high-level technological pedigree, the kind that Appinventiv has proven time and again to have. Also, recorded sessions should be sequestered to auto-play once a video ends. 

6.  Offline Access

All the leading tutor on demand apps have this feature. No matter the nature of content, digital businesses are receptive to the fact that internet access is not the same at all places. To give an example, Netflix and Youtube allow you to download videos, and with Hike you can chat in offline mode. Give users the access to download and carry their lessons as they see fit.

7.  Interactive Assessments  

Quizzes are a fun-way to conclude and test the retaining capacity of students. An online tuition platform would be no better than an e-book if there is no 2-way interaction with consumers. The tests, at the same time, shouldn’t be boring. This is where gamification comes into play. In fact, take it a step forward and introduce a test series for each chapter. For instance, students often return to a tutorial to repeat it. Provided your app has a revision tracker, students can be encouraged to take on new questions and see if they have actually improved.

8.  Session Transcripts & Notes

Whether it is a live online class that you are a part of or an offline one, session transcripts are always handy. That should further be augmented with a Notes section that students can download. Tutor app development should focus on minimizing student efforts and help them focus intently on the lesson at hand. In-app features should encourage direct interaction between trainers and the batches which brings us to our next point. 

9.  Instructor Log

The complexity of this feature is linked to the nature of tutoring services. For instance, if the app allows live instructor-student interaction, the instructor can have open discussion on a topic. They can post MCQ tests in the middle of the class to measure attentiveness and rate students who’d be automatically graded thanks to pre-feeded answers in the app. This rating can be synced with the personal dashboard of students and share pointers with guardians, just like a school report card. 

10.  Personalized Growth Plans

The point of reaching each student via smart devices is to identify and recommend a roadmap tuned to each student’s aptitude. Continuing from the last point, instructors can create a customized learning path having developed an understanding of each student’s strengths and weaknesses from the log. With the content bank ready to support the after-class needs of a student, they would know exactly what to study and what to derail for future in turn optimizing their time and learning. 

11.  Q&A Pin-up Board  

Not everyone is in the habit of jotting down doubts to confirm with online trainers. What if it’s a weekend? Would you want to be stuck with your query for so long? Most of us would appreciate it if someone would attend us sooner than later. Therefore, tutoring services planning to launch operations should make room for an in-app section where students can post their doubts and instructors can reply within a stipulated time. 

12.  Notifications 

With a physical space we know when to gear up and leave for classes. But what about e-tuition? That’s why timing reminders (pun intended) is critical. Send alerts to get students hitched to their screens or if they left a recorded session mid-way to come back and complete it. Notifications must be relevant to the user treating them as people and not mere customers. 

13.  Group Mode

Discipline is hard, isn’t it! But it becomes easier to do something hard when others are supportive of us. Similarly, studying in groups makes the experience worthwhile. If students can collaborate and learn a particular subject together, nothing like it. They could help each other understand the topic through live interaction or mutually pose questions to an instructor. Having a kaleidoscoping experience as an elearning app development company we know exactly how to make this feature stand out with audio/visual effects and multi-format content sharing.  

14.  Multi Device Compatibility 

You can never control which device the user would experiment with, or be forced to run your app on due to which it has to be accessible across all mainstream devices and operating systems. As an on demand app development company, another trend we see surfacing is Progressive Web Apps. 

Tutor app development cost could be a little expensive as you continue adding features to the design. Due to which the concept of PWAs is picking up fast among budget-bound vendors. 

15.  Stream on TV 

The sheer exclusivity of this feature would place your app in a league of its own. Imagine learning from a tutor on demand, with the entire session being broadcast on your television. It’s like watching a sitcom with your parents. Streaming takes the unwarranted seriousness out of the picture and makes you inadvertently enjoy it. 

Will On-Demand Tutoring Apps be Able to Maintain their Need Post-COVID? 

You bet. Online education in general will last long modulating its structure in exciting ways, says the World Economic Forum. COVID-19 is not the cause here but an accelerator. Last year total global Edtech investments were valued at US $18.66 billion and they are expected to reach US $350 Billion by 2025. The 4 pillars giving foundational strength to this expansion are

• Language Apps 
• Virtual Tutoring 
• Video Conferencing 
• Online Learning Software 

The highest valued Edtech company as of writing, BYJU’s is worth US $10 billion. This Indian startup monetizes the same virtual tutoring market we have been drum-rolling in this article. That settles the argument once and for all.

Rounding Off 

To conclude, we can say that the on demand tutor app benefits are immense in the elearning sector. With the future being digital, elearning and tutor finder apps are becoming an essential part of schools and education institutions. If you ever had an Edtech idea that can take the world by storm, now is the time to fire the boosters and launch it. Appinventiv has the end-to-end infrastructure and connections, to get your app off the ground and competing with the very best. Try our on-demand app development services and you wouldn’t have it any other way!

The post 15 Features That Can Make Your On-Demand Tutor Apps Stand-Out In COVID Era appeared first on Appinventiv.

However, they are overlooking an important fact.

KNO, SharpScholar, Knack for Teachers, Tutorspree – Every year, many startups add to the list of failed e learning startups. While many of these companies have made it to the market but couldn’t last much longer, others even failed to step into the market because of one or the other reason. 

Assuming that you are one of those Entrepreneurs who have been thinking about entering the mlearning domain but have gone confused on realizing this fact, I’ll be discussing the driving factors for the startups failure here. Also, I’ll be sharing the best of my knowledge and experience to help you with how to prevent failure in the eduTech market.

So, here we start with focusing on the top reasons why edTech startups fail.

7 Common Pitfalls Faced by Education Startups

1.  Poor Market Research 

There’s no denying that there are various innovative possibilities in the education sector. However, not all of them are ‘must-required’. Some of those ideas are just too fancy to be focused upon in the present scenario.

In such a scenario, those startups that jump into the educational industry without doing proper homework, aka, market research and competitive analysis, find it difficult to distinguish between ‘must-required’ and ‘fancy’ app ideas and eventually, fail on picking the latter.

2.  Lack of Patience 

Unlike other business domains, the edTech industry growth is utterly slow. In fact, most of the companies see a significant growth only after 5-10 years of establishment, which is quite uninspiring.

This makes it disturbing for both entrepreneurs and investors who wish to get a bigger slice of the learning app development marketplace at a greater pace. Or better say, the entrepreneurs and investors who enter the marketplace soon lose their hope and think of the situation as a deadend; which no further plans.

3.  Unclarity of Users vs Customers

Many times, a lot many people download and install an application (a credit of which goes to the mobile app marketing strategies opted by the brand). However, not all of them end up buying the product/service they offer. 

Because of this, even after having 10,000 or more users on board, fastest growing edtech companies fail to get enough revenue and fail to sustain in the market for a long period of time.

4.  Introduction of Unnecessary Technologies

Seeing the impact of technologies on the EdTech sector, many entrepreneurs have been introducing AI, AR, IoT, ML, Blockchain, and other such technologies into their business. However, some of them are not looking into the purpose of these technologies into their business. Or better say, how they can engage the target audience, bring more sales, or contribute to the core app idea.

This has not been solely adding to the increasing app development cost, but also instilling confusion among the app users. And eventually, turning out to be another reason why most startups fail.

5.  Lack of Transparency and Teacher’s Collaboration

Another reason why many startups in the education sector do not survive for longer in the marketplace is lack of transparency and collaboration with teachers.

These startups work with an intent to replace teachers and other elements of the existing educational system. And so, neither they open up about their working module nor they take inputs from teachers and others. As a result, the educational institutions and teachers show least interest in adopting and employing these mobile apps (or software) which eventually leads to failure.

6.  Too Many App Features

Many educational business leaders introduce so many features into their mobile learning app development plan that they end up making a complex application. This often leads to distraction from the core application purpose, lower user experience, and later, less chances of success.

7.  Insufficient User Training

Since mobile apps are the future of the education industry, the competition in the edtech market is hitting newer heights with time. An effect of which is that some entrepreneurs are in such a hurry to invest in educational software development and launch new products (or functionalities) that they completely overlook if the users are finding them useful or not. They do not take an initiative to introduce user manuals or other training elements that could help them with using the mobile application. Therefore, they fail to retain the target audience and lose the market.

Now as you know the reasons which make edTech ‘innovative’ ideas go flop and not enter into the list of leading edtech companies, it is possible that you would be wondering if you should give up on education startup ideas.

Well, not exactly.

To ensure that you mark a different history for your edTech business, it is important to learn how to prevent such failures rather than abandoning the education startups idea.

So, here we go.

Ways to Overcome edTech Failure Causes & Grow Your Venture

1.  Perform Market and Competitor Analysis

As discussed earlier, many education startups fail because the business leaders are unfamiliar with the market needs and the competitor’s offerings. So, the foremost step towards lowering down the risk of app failure is to invest your time into the app discovery process and understanding the needs and desires of your target user base.

In other words, it is important to see what challenges your target audience is facing, what the existing edTech apps are offering, and where they are lagging. And this way, determine when and how you can make your way to success in the educational and learning environment.

2.  Focus on KPIs

As highlighted earlier, many applications win the race to get higher downloads but fail to turn them into subscribers. In such a scenario, considering download as the main parameter for determining the success level of your mlearning application is not a wise decision.

One should look forth to considering different mobile app KPIs to maximize the app revenue and consequently, the success ratio of their edTech startup.

3.  Collaborate with Teachers/Educational Organizations

There’s no denying that teachers and educational organizations are a part of the traditional learning system much before you even thought of hiring an education mobile app development company and launching your own startup. They are well-versed with the evolution of the market since its inception, the challenges and opportunities that changed the direction of the innovation, and more.

In such a scenario, treating them as a companion and seeking their advice on how to make your educational mobile app more userful, secure, and successful is nonetheless a great decision. 

So, look forward to it. 

Connect with the top teachers and educational institutions to understand pedagogy, how classroom technology changes the outcomes, how students actually learn, and know what they expect. 

Likewise, you can consult with a top learning app development company or investor who has been involved in different types of learning app projects.

4.  Add Value to Existing Learning System

Considering your edTech idea as an integral part of the existing environment rather than as a replacement is yet another way to prevent educational startups failure. So, be clear about it. 

Focus on the challenges associated with the existing learning management system and look ahead to solve them. This will encourage the people involved in the traditional ecosystem to embrace your technological innovation solution and refer to others too. Something that will aid in targeting a wider audience without putting much efforts into marketing.

5.  Build an Ongoing Business Model

As stated earlier, the revenue generation process is quite slow in the case of the elearning app development market. So, it is advisable to prefer a business model that helps you to remain in the competition till you earn some money through an app.

Now, when talking about the same, there are primarily four different monetization strategies that can make your business a real success –

• Freemium – Though many people still wonder how free apps make money, this monetization strategy is the most lovable one. Under this model, the mobile application is free to use. However, one has to pay some amount of money to get better experience, and unlock some new features.
• Only Pay as You Go – As the name says, this business model works in such a way that users have to pay only for the time and services they use the edTech app.
• Subscription – This business strategy, that even the top edTech startups like Coursera follows, demands a price for accessing the product/services at weekly, monthly, and yearly periods.
• Enterprise Sales – The Enterprise sales is considered by education startups when the product requires more training, integration, and customer support services.

6.  Start with MVP Version

If an education application is too big and complex, it will not just add to the app development timeline, but also affect the user acquisition and retention rate. It will be a bit difficult to rule the hearts of the audience, especially when there are many more competitors arising in the market every minute. 

In such a situation, the best way to relish higher benefits and cutting down losses is investing in the concept of Minimum Viable Product (MVP). That is, introducing the least functional features and technologies into your edtech mobile app such that they aid in entering the market at the earliest, save development time and cost, validate your MVP idea, and so on.

7.  Integrate the Right Technology

While integrating multiple technologies aimlessly into your edTech application can be the wrong act, it does not mean that you should not introduce any cutting-edge technology into your app plan. 

The right way to get the advantage of state-of-the-art technologies and tools into your edTech startups, in this case, is to contact the best educational app developers and see which technology is a perfect addition to your education app project.

Conclusion

The expansion of the edTech ecosystem and the rise in the number of education startups failure is bringing the entrepreneurs at the deadend. They are neither sure of entering the market nor overlooking the associated opportunities. To pave their way towards a successful future, we have listed down some common reasons behind the failure of edTech business and successful ways to prevent them. 

To know further, connect us today itself!

The post 7 Reasons Why Education Startups Fail & Ways to Avoid Them appeared first on Appinventiv.

But with scientific advancement in graphics, animation and multimedia user experience, AR has come to fore with real-world applications customized for mass consumption. Its utilitarian cases in the education delivery are enormous, to say the least, and promising, to be polite. 

The ground realities of K-12, college or professional certifications, are being augmented by digitized learning initiatives. It’s true that the digitalisation of education substitutes classroom training for remote learning. At the same time, it is Augmented Reality that acts as the value-added layer, covering up for the lack of quality in standalone “internet-enabled” training.    

But before we declare our pronouncement of jumping on to the AR-bandwagon, it’s important we shed light on the role Augmented Reality is playing in upending the education industry. In addition to what makes it one of the technologies that are taking the education domain to the next level. 

Table of Content

1. How Does Augmented Reality Impact Education?
2. Augmented Reality Application in the Edtech Market
3. Ways AR Can be Incorporated in the Education Sector
4. Top AR apps Pushing The Envelope in the Online Education Industry
5. Final Thoughts

How Does Augmented Reality Impact Education?

There are strong reasons to suggest that AR is as revolutionizing as we think it is. This supporting pillar of the Industrial Revolution 4.0 has grown relentlessly with the global AR landscape expected to be worth $198 billion by 2025. 

Similar research into the subject forecasts Augmented Reality gaining 1 billion worldwide users by 2020. Humans are on an ongoing, fast track course to make all aspects of life, be it professional or personal, multi-dimensional. 

That said, Augmented Reality trends will impact the education sector – more than any other technology in a similar fashion to other domains. Let see how that’ll pan out: 

Education + Entertainment = Edutainment

Student comprehension is catalyzed by using visual learning toolkits. As a matter of fact, our brains process visuals 60,000 times faster than texts. Additionally, 90% of the information broadcasted to the brain by our senses, happens to be visual in nature. 

Surmising that we are creatures of habit, and our habits involve learning through watching, therefore deploying Augmented Reality in education makes for an unfailing argument. Students would retain more of a lesson that involves immersive experiences than otherwise and this would, in turn, push the accelerator on increased participation during the classes. 

Simplified Conceptual Breakdown 

STEM subjects, especially science often proves a challenge for trainers with its hard to explain concepts. For instance, a lecture on human anatomy that relies heavily on theoretics and a cardboard sample, may not invoke curiosity in all the students. 

Yet, were you to introduce AR and let students learn for themselves, it would let all learners sulk into the experience with the added power of 3D modelling. You can have an AR application that gives each student the freedom to learn at his/her pace without the need to rush. There’s more, teachers can create personalized content based on the aptitude of student groups making education that much more effective – all this, and a lot more is possible with a partnership with an AR-skilled education software development company.  

Cost-Effective 

As per the rule of thumb, technologies go through a hyperbolic curve that starts from the age of discovery. This is the time when most fundamental breakthroughs transpire and the access to technology is limited to a select few. 

However, Augmented Reality is in its age of implementation in the educational industry which signifies there is a considerable workforce in the form of application developers that can bring any AR-idea to life. At the same time, the number of pocket-friendly smart devices has also increased. It is estimated that about 53% of US teenagers are phone-owners by the age of 11. 

It is safe to assume that this number would go up in the future in conjunction with software developers achieving economies of scale with AR-apps. The affordability factor for such student apps would further come down allowing more innovation to seep through. 

Augmented Reality Application in the Edtech Market 

There is not just one AR market forecast but plenty that suggest the domain is going through a boom. Back in 2015, the total value of the AR industry was $3.33 billion. However, with the democratization of smartphones, AR apps have multiplied in numbers and the industry is braced to grow at a common annual growth rate of 46.6% from 2019 to 2024. 

By this estimate, the industry shall be well worth $72.7 billion by 2024. And although healthcare is being propped to play the most substantial role in AR-adoption, education management will not be that far off. Come to think of it, Edtech could put Augmented Reality on steroids, as this industry is pushing the needle at an exciting pace itself. 

But if both the trajectories are to consummate, what form factor would usher the implementation of Augmented Reality in Education Management? 

If the AR trends and predictions for 2020 are anything to go by, then we can expect this industry to be a hotbed for godspeed innovation in the foreseeable future. Further, it is not a far-fetched idea to believe that short and long bursts of such innovation and technology will be contributed towards automotive education. 

But Why?  

There is researched evidence that suggests technology involvement is inclined to produce better academic results in students than otherwise. In another research, it was uncovered that more than half of college students prefer classrooms that envelope digital technology. Whereas to a neutral observer, these discoveries might make for an interesting read, field experts are hardly surprised to find such epiphanies make it to online journals.

The race to localize Augmented Reality and manufacture educational apps will be aided by the fact that by 2023, there will be an expected 68.6 million AR devices in the world. In other words, more than half the world population could begin using AR apps by that time, although think tanks are yet to determine how much of this demographic belongs to K-12 and college students. 

Nevertheless, we can be sure that it’ll be a huge number if we increase the sample size by considering spare tablets at home and other forms of Edtech delivery methods being deployed by institutions. Here’s how Augmented Reality could mobilize the digital learning movement. 

Ways AR Can be Incorporated in the Education Sector

Augmented Classrooms   

AR can easily be baked into conventional classroom training by introducing Marker-based AR apps. Students can scan their textbooks subsequent to which the app will demonstrate illustrations on complicated theoretical explanations. As learners experience first-hand the principles of a subject, the entire experience could turn value addition into a fun-filled, extra-curricular exercise. The quality of training in critical STEM (Science, Technology, Engineering & Mathematics) subjects could vastly improve as a result of AR. 

Octagon Studio is one startup that has leveraged the power of Augmented Reality to good use. It uses AR-based flashcards to lend students an illustrative and engaging learning experience be it history, biology, technology or art. 

Augmenting Homework

Who said homework has to be burdensome? Teachers could assign students AR-enabled worksheets to explore educational concepts at their own pace, from the comfort of their couch. For instance, a given worksheet could contain a few questions on a particular topic. If the students are unable to crack the answer by themselves, they can scan the worksheet with the AR-based app and avail pointers towards the right answer. Edtech startups should pick and choose a curriculum and align their AR-app towards imbuing widely taught concepts to maximize their student user base.

ClassVR is one company making strides in the AR-direction. Its Augmented Reality apps are tailored towards Science, History, Design and Technology in addition to English. 

Turn Abstract Concepts into Reality

Since AR makes use of 3D modelling and object recognition, it can take students by the hand and morph hard to understand biological concepts into engaging anatomy lessons. With each student, and future doctor, able to extract the touch and feel of operating on a patient, per capita learning will be much higher. The experiment has been put to test in Portugal’s Polytechnic Institute of Leiria where AR applications are just as effective as their human counterpart teachers. The institution deployed AR-apps developed by Visible Body that makes biology lessons easier to demonstrate pailing whiteboards and charts in direct comparison. 

Uptick Student Engagement Rates

Classroom education is a humble subset of Augmented Reality in Education Management. Skilled mobile learning app development professionals can easily integrate AR applications for next-level recreational periods, wherein simulated reality allows working each muscle and tendon of an athlete’s body and contributes positively towards mental and physical growth. This AR-as-a-service model is being deeply explored by some e Learning app development companies as we see next. 

Canadian Tech Company SAGA prototyped an AR-based Interactive Gym that uses this concept. Geometric projections are cast on gym walls under synthetic lighting challenging toddlers to target and smash the shapes with rubber balls. SAGA’s computers use 3D camera vision to monitor the interplay of physical objects with the wall projections. From the looks of it, the Augmented Reality future scope is blinding, not just gleaming. 

Augmented Reality for Content on Demand

Once the teachers and the students have a hang of how Augmented Reality works the next step is content on demand. For the bulk of education mobile app development, AR apps are a pressing need that demands immediate attention. Considering the bigger picture, AR would soon be synonymous with imagination. Both the teachers and students are likely to begin demanding more content than the average AR-app would offer. What the education system would need then, is Augmented Reality As a Service (ARaaS) the practical examples of which are already before us. 

Metaverse is an AR-Platform that allows users to create virtual content on the go. They are customizable to the extent of one’s location. Teachers can create informational AR pop-ups on the spot to clarify concepts. Similarly, students can test their hypothesis by running simulations on the app. In the end, such a succinct level of personalization would ensure the level of education/understanding goes collectively up. 

Top AR apps Pushing The Envelope in the Online Education Industry 

There will always be an eLearning app development company someone to pick up the slack and build on the shortcomings of prior projects. But what these Augmented Reality Apps symbolize, is a wave of acceptance from large sets of teachers and students and credible grounds to take this journey for Edtech entrepreneurs. 

CoSpaces edu 

Build your own 3D animations and savour them in Augmented Reality. Students can project their virtual projections onto surfaces and use the MERGE Cube to literally hold your creations in your palms.

Google Translate 

Few people know that this app is AR-enabled. With its location-based tracking, Google Translate is the go-to app for travellers to fetch directions. At other times, you can use its Augmented Reality mode to scan a foreign language which will be translated to English instantly. It also comes as a chrome extension. Do we need any more proof of concept for the promising future scope of Augmented Reality, than Google mainstreaming it?

QuiverVision  

The AR app is designed to polish the recreational genius within infants by making colors come to life with 3D modelling. It has three versions. Its developers offer the app in 3 variants, namely the flagship version Quiver, second is the Quiver Education and third is the Quiver Fashion app. The reception that Quiver has generated from every academic nook, parenting guardians and children points to the fact that the future of education is digitization. 

ABC AR – Space Discovery 

The skies have always fascinated us all and the children are no different. ABC AR Space Discovery introduces interactive 3D learning, to incept the idea of space adventurism in young ones. 

Civilization AR

This is a smartphone AR app, by the BBC to prod the curiosity bug into learners of all ages. Created in association with 30 museums, users can discover history like never before. From ancient Egypt to paintings and hidden treasure troves, Civilization AR packs a punch with its multi-device compatibility and high-resolution graphics. 

Final Thoughts 

In the foremost section we promised, we’d give you enough reasons before asking you to jump on to the AR bandwagon. In the course of our discussions, we hope you found enough proof in the pudding to believe that Augmented Reality is blowing up fast and thick and that AR has the potential to boost businesses. Single-handedly, it solves the problem of interactive learning, in both classroom and remotely. AR offers Edtech entrepreneurs a model to create economies of scale digitizing learning in cost-effective ways. Last, and most important, it foments the notion of personalized learning for all and visibly augments tutoring by custom-tweaking the lessons to each individual’s IQ.

The post Augmented Reality: The Rising Phoenix of the Education Industry appeared first on Appinventiv.

Come to think of it, even a conventional computer lab at a 90s something school qualified as an EdTech. 

Yet, few people realized back in the 90s that the Industrial revolution 4.0 would pack more gigabytes in a smartphone than computers. Therefore, if the devices of today dawn a new-age, compact, and pocket-friendly outfit, shouldn’t the same rule apply to education and its delivery methods. 

Turns out that it does and that is one of the benefits of education app for kids and organizations and why entrepreneurs are throbbing the gates of venture capitalists to fund the future, or shall we say the present, of 21st-century teaching, EduTech.

The EdTech app business models – both educational apps for kids and organizational learning – have shaped up to be one of the most lucrative (for innovators) and luring (for investors) models of businesses over the years. It’s one of the few industries that could survive this COVID-19 pandemic and honor its promising growth. What makes us say that?

• As per Grand View Research, the global education technology market size was valued at USD 89.49 billion in 2020 and is expected to witness a compound annual growth rate (CAGR) of 19.9% from 2021 to 2028.
• The global digital expenditure in the Education industry would be worth $341 billion by 2025 as per HolonIQ – a contributory factor behind the rising of education startups and kids education app startup ideas. 

• Yet, of the overall expenses that the industry would make, this amounts to a miser 4.4%, during the projected time. 

Do you now see the window of opportunity in Edtech, or due to it, for introducing technology enablement in education? It is a sector where the opportunity cost to miss out on an idea could be zillions. But the readers should be warned against the deadly Fear of Missing Out i.e. FOMO syndrome.  

If you are full of Edtech startup ideas or even education startup ideas, great, but it has to be approached systematically. Anyone searching for an education app development company, or for that matter, freelance educational app developers must first classify their business model for education startups. 

Before agreeing on the terms and conditions, entrepreneurs must probe for answers to the following questions, which can even be the answer to why investors who are looking to fund an EdTech model are asking: 

• Does the Elearning app development company have the talent pool to provide AI, ML, and robotics support?
• Does the education app developers have the expertise to integrate conversational AI and AR/VR features into the app?

• And last but arguably the most important factor, what does the portfolio of the educational app development services have to say about them?

Online business opportunities appear profoundly great on whiteboards but turn into a nightmare when you get to the execution stages. Consider the following sub-verticals that e learning startups are modeling their educational app development portfolio on. You can also read them as the education app ideas which are bound to be successful in the time to come.

Consider the following sub-verticals that EdTech startups are modelling their portfolio on offers: 

Upsurging Interest in EdTech 

Technology is affecting every aspect of our lives and changing them by the day. But it’s not just our life, its businesses as well that are transforming and can’t afford to look away. The Organization for Economic Co-operation and Development (OECD) projects that 1 billion jobs, that is approximately 1/3rd of all jobs in the world, would be transformed by technology in the upcoming decade. 

According to the ‘World Economic Forum Annual Meeting’, by 2022 around 42% of all core competencies deemed essential for jobs are expected to change. Such a fast-forward and unavoidable upskilling revolution can be delivered feasibly only through technology.

As per the Education Data Initiative, schools in the US spend an average of $12,624 per pupil, which is the fifth-highest amount per pupil among the 37 other developed nations in the Organisation for Economic Co-operation and Development (OECD).

According to reports by Reach Capital’s analysis of data from Pitchbook, during the the first six months of 2021, U.S.-based education technology companies raised over $3.2 billion in investment capital.

But could it be a fluke? What if coincidently there had been a hype bubbling somewhere thanks to venture capital rumor mills. We can run this assessment through a litmus test. 

For our experiment, we choose three well-established education startups that are opportunistically building their Edtech app business models. A measure to gauge public demand for their services would be to see how their virtual education startups have played out during the COVID-19 pandemic.

Chegg, Inc. 

• It is an education tech startup with a product suite replete with digital learning solutions. At a time when businesses are clamoring for government aid to survive, Chegg recorded US $132 million in revenue in Q1 2020.
• The most recent investment made by Chegg was on Apr 13, 2020, when Frank Financial Aid raised $5M.
• At the end of 2020, they had a 6.6 million subscriber base.

K12 Inc. 

• K12 is an education management company that promotes online learning as a substitute for classroom training for students covering the curricula for kindergarten to 12th grade. Their vision makes them one of the best learning apps for kids.
• Their revenue model for edtech business for the first 3 months of 2020 was U.S. $257.2  million. It’s marginally higher than their earnings for the same period last year which were U.S. $253.3 million.
• Amongst all of its business units, the online public school program raked in the U.S. $228.3 million. 
• K12 CEO Nathaniel Davis shared insights into user query trends for registration, which were high for both February and March, reinstating how it is one of the best educational apps for kids.

2U, Inc.

• Amongst all the business models for education startups, 2U distinguishes itself by creating end-to-end learning channels for non-profit academic institutions to offer online degrees.
• It runs a Software-as-a-Service (SaaS) model for its B2B partners. 2U earnings for Q1 2020 touched base at U.S. $175.5 million. 
• It’s SaaS business registered revenues worth U.S. $118.5 million. 2U’s acquisitions, GetSmarter (for short-term courses) and Trilogy Education (for boot camps) brought in consumer spending worth U.S. $57 million. 
• As part of their immediate plans, they are working with Simmons University, an existing client to effectuate a digital undergraduate program. Additionally, they launched a video production solution labeled Studio in the Box, for faculties to record training sessions from home amidst the COVID-19 pandemic. 

What Does This Mean?

It is clear from the observations that Edtech businesses despite an unexpected catastrophe have not just survived until now, but thrived. Predicting the future would be immature but taking stock of the situation we can definitely point in a few directions where education mobile app development appears most likely to augment resources.

Trends Affecting the Edtech Industry

The devices are getting smarter and more efficient. IoT is casting a thorough web of interconnectivity assuring big data generation and enabling Artificial Intelligence to identify improvement measures for autonomous customer experiences (CX). Speaking of which, the CX will be enhanced by Mixed Realities adding a new dimension to EdTech and catalyzing its ascendency. 

The Coronavirus pandemic has teased signs of speeding Blockchain’s adoption as a result of which the distributed ledger technology could be used for decentral and secure data management. 

Gen Alpha (those born after 2010) could be the first to taste the introductory iterations of the technologies taking Edtech next level.

A.  Global Internet Penetration 

As of writing, approximately 4.88 billion people in the world have access to the internet making up 62% of the world population. Cybersecurity Ventures places the total internet users at 6 billion by 2022 by which time the total world population is expected to reach 8 billion. By 2030, total internet users are expected to reach 7.5 billion which could be 90 percent of the then 8.5 billion world population. 

• Digital access to education would ensure a border-less experience zeroing in on B2C education distribution channels. 
• With learning material becoming remotely accessible, Edtech solutions could well and truly be the panacea for education for all. 
• Digital classrooms and textbooks could reduce the cost of publication. Education could be tailored to each student with self-paced classes becoming commonplace.
• It plays right in tune for children with disabilities, for who innovating customized provisions for education will not be a challenge anymore. Simultaneously, it presents equally enriching online business opportunities for people with foresight.  

B.  Data-Driven Decisions 

Digital textbooks will be a starting point in the exercise to structure E-learning. Tracking online learning patterns would be a revelation in maximising the tools required for a multi-sensory, fulfilling experience. 

• Tailored experiences would rise. With AI, ML and Big Data fast-maturing, content delivery would be without hiccups and more personalized than ever. 
• Universities are warming up to the reality that data management needs retrofitting. Where spreadsheets sufficed, visualization tools must come in. 
• When predictive analytics is left to do its bit, faculties can focus on what they are best at i.e. to teach. 

C.  Virtual Reality 

Virtual and Augmented Realities are shortening the distance between studying and experiencing something. In a nutshell, immersive learning is the process of imparting education/learning vis-a-vis simulations and AI. 

• Millennials would recollect memories of a science park visit for experimental demonstration. Now, put on a VR- headset and you are virtually transported to the park. 
• Denmark-based startup Labster is a point in case wherein it builds virtual laboratory simulations for STEM (Science, Technology, Engineering, Math). In 2021, it raised US $60 million in Series C funding.
• Interplay Learning is an online training platform for skilled trades upskilling frontline workers for on-the-job proficiency. It uses VR and 3D simulations to train people and raised a US $18 million in Series B round in early 2021.

D.  Augmented Reality 

Augmented Reality commands a higher likelihood of a wider adoption within the Edtech market earlier than VR due to its enablement on smartphones. 

• A perfect example of this would be the BBC Civilisations AR app. 
• And lest we forget, Pokemon Go was an AR-based experience and its makers, Niantic Labs, raised U.S. $245 million at a US $4 billion valuation last year. It continues to partner with nonprofits in the space to facilitate education with AR. 

E.  Conversational AI 

People have begun accepting Voice-Enabled devices as a staple part of their homely chores. It typifies conversational AI assisting humans and the application of it in the Education industry could soon be underway. 

Cognii is a great example with its conversational AI that has products for K-12 students and corporate professionals with open-format responses to improve critical thinking. 

F.  Adaptive Learning

Adaptive learning is a learning delivery method where algorithms customize the teaching as per the student. 

• However, previous attempts to win-over higher education with hyper-personalized learning by one startup Knewton, failed to live up to expectations, crashing its US $180 million financing to the ground. 
• But progressive steps are being taken nevertheless. Quizlet is an AI-based tool that helps students in studies. It uses machine learning algorithms to identify the pressing needs of each child and tailors the experience towards it. Quizlet recently closed its Series C round at a valuation of US $1 billion during the COVID-19 pandemic signalling high investor confidence. 
• Querium, KidSense and Kidaptive are also jostling and trying to build a reputation with similar tools in the market. 

G.  Robotics

Robotics is also gaining momentum in education management. 

• Roybi is a company with its namesake product, the Roybi Robot helping infants aged 3 to 7 years old in STEM skills. 
• Roybi uses machine learning to match the cognitive capabilities of the child with pattern recognition. The product acknowledges that learning is not a one size fits all garment and needs to be custom-made. It was featured in TIME magazine as one of the best inventions of 2019. 
• Robotify is a Dublin-based startup that uses hardware installations in schools to educate students in programming lessons. 

H.  Blockchain 

Blockchain’s decentralized fundamentals could be momentous in upgrading antiquated education infrastructure. At the same time, it can incentivize students to put in their best efforts and be rewarded for, say procuring a major degree in a discipline. Not to mention, it can manage data, securing it in immutable ways for student records to be archived. 

• Blockerts is an open platform incorporated by the coming together of the MIT Media Lab and the Learning Machine (now Hyland). It can be used for a myriad of purposes from certificate/degree issuance to storage and verification. Future employers can be referred to the platform for fact-checking background information. 
• ODEM is a Blockchain-powered platform connecting students/working professionals with quality teachers. Smart contracts are used to record the specifics of a course. Over time, the ODEM ledger recognizes patterns from the history of courses each student was enrolled in and that which the professors taught. ODEM tokens can be used for transacting on the platform. ODEM assigns skill badges against the participant profile indicating their experience and expertise.  
• Nova Learning Management System developed by Appinventiv, helps teachers to easily upload their courses. On the other hand, the app allows students to enroll and pursue the course easily. Appinventiv provided a solution that brought a positive approach in the edtech sector.

I. Game-based Learning

Gamification, like immersive learning, is a good utilization of technology in Education since it involves students in the process. This technique isn’t new and has been in use for 20 years. Because it is so practical, today’s online learning systems make extensive use of it.

You must be thinking, what is it that makes it so successful? Then simply put, you know learning is always challenging, whereas playing is simple and enjoyable. Thus, the majority of people believe that gamification encompasses a wide range of techniques that can enhance the user experience.

Gamification includes two key elements.

• To begin with, children get a familiar and engaging environment, so there is no need to waste time and effort trying to keep their attention.
• Second, the platform’s versatility allows instructional knowledge in a fun way. It has no limits to your imagination.
• For example, the project “Minecraft: Education Edition” is the best proof of this. Millions of children enjoy this popular computer game that has been successfully used for educational reasons. This tool’s beauty is that it can be applied to any subject, including architecture, geography, english, biology, culture, physics, and chemistry.

Now that we have delved into what makes the EdTech sector a profitable online education business model and what can be expected from its future, the next plan of action for an entrepreneur should be to prepare for a success-guaranteed entry in the sector.

EdTech Business Models

Schools, universities, coaching institutes, and other traditional institutions faced enormous challenges during pandemic. This led to the increase in scope of education.  To ensure business and learning continuity, the learning class had to swiftly upload all of their work on the internet, making access to education easy. Here are some edtech business models that have been already there but have boomed due to the pandemic crises.

Freemium Model

It’s an appealing concept for startups since it allows you to quickly build brand trust and position yourself as a niche leader.

For example, Coursera began by offering free courses on a number of topics with the option of purchasing a certificate. The company soon rose to prominence as an edtech powerhouse, thanks to $210 million in funding.

This technique allows you to generate a lot of momentum quickly and make your product available directly to your end consumer without the usage of intermediaries. The downside of the principal-agent problem in education is that your users aren’t your buyers.

Edtech Marketplace

When you don’t have your own content, you set up an Amazon-style marketplace where educators can sign up to sell their work. This strategy allows educators to promote their course to a large audience while the platform receives a portion of the revenue.

Udemy is a well-known Edtech company that has shifted to a marketplace model. Udemy is an online marketplace that allows businesses and individuals to offer their courses online. It is now worth over $3 billion. Udemy takes 50% of the course cost and provides a full array of tools for monetizing, marketing, and producing these courses and their associated learning materials.

Institutional Model

The top-down or institutional model is a more traditional method of selling to schools through district executives. The target market volume is determined based on the projected penetration rate and the market size is first calculated.

Once the desired market volume has been determined, a strategy for achieving the potential revenue is devised. This works by a district or an area head making a single purchase for all of the schools under its control. The top-down paradigm has the advantage of allowing districts to sign big contracts.

Consumer Model

The consumer approach is a new online education business model that allows schools to try a product for free before charging families to continue using it at home. This concept is best suited to businesses that provide things that children can use independently. In this situation, schools effectively serve as lead generators for consumer adoption.

With this concept, it’s critical to establish a “product loop” between school and home, in which teachers use the product with students in the classroom and then advise parents to have their children use it at home.

The benefit of this strategy is that schools prefer free (high-quality) items, which can increase user adoption, and parents are more likely to follow instructors’ suggestions for home use of technology. The uptake is particularly evident in edtech products for toddlers and kindergarten students.

Sponsored Model

A unique and intriguing approach is one in which neither the school nor the parents pay. Instead, a company is brought in as a sponsor and helps pay for product placement, which is usually done as part of a corporate social responsibility (CSR) project.

The benefit is that when you offer a fantastic product to schools for free, utilisation will be relatively high, which is all that matters to the sponsor. The sponsors have the opportunity to build brand awareness and goodwill for their company.

Sponsored items, such as GoNoodle, can help a company’s image tremendously. This Edtech product gives teachers access to a large video library that encourages pupils to be active, creative, and enjoy learning. To give their goods for free, GoNoodle worked with significant institutions like Tonies, No Kid Hungry, Nicklaus Children’s Hospital, and many others. This contributes to the creation of an egalitarian learning environment in which the impoverished can study alongside their wealthier counterparts.

How to Create a Successful EdTech Startup Business Model?

Following the global outbreak of the COVID-19 pandemic, EdTech has grown in popularity.

EdTech improves the traditional education system by improving pedagogy and the learning process. EdTech’s target audience is not restricted to the education sector but it also includes employed people in huge organizations for corporate learning. To create a successful edtech business model you should follow these instructions.

1. Have a clear understanding of your user base – You should have clarity on the fact that while kids or employees will be using the app, it is the parents or organizations that will be taking the decision. 
2. Understand the current issues or loopholes – Talk to your clients, research about their issues, ask them what is lacking in the current system and which features do they think can help them get a better learning experience. Ultimately, create a user persona to fulfill your customers’ needs. 
3. Build an MVP – Before launching a full-fledged application or solution in the market, build an MVP with the must-have features or USPs of your offering. Following the development, share the MVP with prospective clients to understand how they are reacting to it and if there is a positive sentiment attached to the product.

What is the Cost of Developing an EdTech Business App?

Determining the actual cost of an education app has never been easy due to a lot of factors, including the app’s complexity, features, functionality, the operating system used, development time, and the cost of the development team, among others.

However, depending on the company you choose, the cost of establishing an education app with basic functionality might range from $15,000 to $25,000+. Still, this is a general estimate, which can vary depending on the number of hours it will take to build.

You can also read and acquire knowledge regarding mobile app development cost.

FAQs

Q.  What is an Edtech Startup? 

Using technological means to deliver education (education + technology) is called Edtech. Any startup in this space using emerging technologies such as AI, Robotics, VR, AR or Blockchain is an Edtech Startup. 

Q.  How Big is the Edtech market? 

EdTech market is set to grow at a 2.5x proportion between 2019 to 2025, reaching $404 billion in global expenditure

Q.  Is Edtech profitable? 

The largest companies in this space are Unicorns like ByJu’s and Udemy. Their strategy for the first few years was to capture market share and become a niche-leader. However, currently, both the companies run profitable businesses.

Key Takeaway 

The global EdTech industry will evolve at a fast-forward pace. Venture capital infusion in the fastest-growing Edtech companies, or Edtech Startups, particularly in the US, China & India, points to the formation of parallel growth sectors between the West and Asia. 

We say this based on the analysis of all the Global Edtech Unicorns. Online learning has not just come out of its cocoon but established itself as a wide network space of emerging technologies. There are many edtech startups that have risen and failed.

One of the reasons startups fail, or for that matter most startups fail, not just in this sector but anywhere is because they overpromise by building hype, in the absence of reliable data. BYJU’s, Udemy, Coursera, and Udacity, some of the most valuable Edtech companies in the world have managed to reach the pinnacle by timely identifying technological applications to bring down the cost of education. To that extent, education software development companies must enter the market with solutions that include remote access, multi-device compatibility, multi-language support, and 24/7 uptime. 

Every education app developer for startups should ask the investors and entrepreneurs to focus on amalgamating tech, not for the sake of it, but because they have the opportunity to create an equitable distribution of knowledge that respects the sovereign pace of understanding of each individual.

The post What Makes EdTech a Profitable Business Model? appeared first on Appinventiv.

At the same time, many venture capitalists have begun showing interest in EdTech startups. In fact, it has been found that VCs funded about USD 1.7 Bn in the edTech market in 2019 across 105 deals.

This has not solely attracted the attention of business enthusiasts who were confused about entering the edTech space, but has also encouraged Entrepreneurs to tweak their existing businesses with the help of cutting-edge technologies and take advantage of this profitable business model.

Assuming that you are someone falling into the latter category, I will be revealing a complete list of technologies changing the education landscape in this article. 

But before that, it is wise to take a look at the present scenario of the edTech trends market so as to get a clarity of the impact of technology on the education industry.

Table Of Content

1. An Outlook of the Present EdTech Market
2. Top 10 Technologies Ruling the EdTech Domain
3. How Appinventiv can help integrate a technology into an existing LMS or similar education software?

An Outlook of the Present EdTech Market

1.  What was once dominated by blackboards and textbooks is now a market of tech-based solutions. The technology used in the education sector has increased by more than 3x in the past decade.

2.  The United States has the largest number of edTech enterprises in the world, followed by those in India, Brazil, United Kingdom, and China.

3.  Around 89% of educators realized that technology is an integral part of their everyday life and so must be integrated into the education business.

4.  As per a report by electronics service distributor RS, 50.8% of teachers said they know what edTech is, while 35.6% have heard about it but are not sure about the terminology and another 13.6% are still unaware of the edTech industry. This gives a hint that people are slowly and gradually becoming familiar with edTech and will soon embrace it.

5.  Over 89.6% of educators admit tech is an effective way to engage students in the classroom. 

6.   Nearly 82.7% of educators accepted that tech helps them in improving their jobs. 

7.  The amount of the school’s budget invested in technology has increased from 3.9% to 15.5% during the period 2018-2020. This clarifies that tech has become the fourth highest spending priority. 

8. The number of school leaders saying that the impact of technology on the education has doubled in the last year – rising from 17.6% in 2018/19 to 40.9% in 2019/20. 

9.  Entrepreneurs already having mobile apps are focusing on strengthening different aspects of their business model, such as –

10.  As per a report by HolonIQ, the global funding in edTech ventures grew from USD 0.5 Bn to USD 7 Bn between 2010-2019. It has been anticipated that the investment will be 3x by the next decade. 

11.  As per a report by Internet and Mobile Association of India, educational companies are earning money majorly from freemium monetization model. This reflects that the users are willing to pay for good solutions. 

Such numbers and reports have encouraged CEOs to look into how technology impacts education and invest in education app development company. They have motivated them to look ahead to introducing the cutting-edge and latest technology in the education system, which has further taken their attention towards the top technologies trends in education for 2021.

A list of which we will be covering in the next section of this article.

Top 10 Technologies Ruling the EdTech Domain

1.  Artificial Intelligence (AI)

The foremost technology in the education system that is revolutionizing the education sector is Artificial Intelligence.

Artificial Intelligence, as already mentioned in our article on the impact of AI on businesses, is aiding in content creation, customization of learning processes, evaluating performances, ensuring real-time communication, automating grading, generating more leads, and so on. 

A consequence of which is that the global market for AI in education will be valued USD 3.68 Bn by the year 2023, at a CAGR of 47% during the period 2018-2023.

2.  Internet of Things (IoT)

The Internet of Things (IoT) will also gain a huge momentum in the edTech startup business in the coming years.

The IoT solutions for education will connect every single device and element including the whiteboards and lights to put forth better opportunities like monitoring class pets, getting an idea of when the plants inside the classrooms require water or sunlight, running scientific experiments, and much more. And eventually, the future of IoT in the education market will grow significantly; making it worth USD 11.3 Bn by the end of 2023.

3.  Blockchain 

Another contribution of technology in education and the trend that is going to disrupt the educational system is Blockchain.

The role of blockchain in education domain will expand further; making learners enjoy high-quality educational experience by offering opportunities like – 

• Interacting tutors from different parts of the world via an online learning platform.
• Managing and safeguarding the records across the ecosystem.
• Subsidizing cost for learners and others by combining with MOOCs like Coursera.

4.  AR/VR

Augmented reality (AR) and Virtual Reality (VR) also comes under the top educational technologies to watch out in 2020. 

When talking about the benefits of VR and AR in the education sector, they are turning realistic scenarios into enticing environments by introducing different virtual elements and situations. This is also helping educators and even students enjoy an opportunity to perform different tasks and even critical surgeries virtually rather than keeping visualizing the theoretical concept and watching video demonstrations. 

And this way, the contribution of technology in education will accelerate the pace of understanding complex subjects and enable top edTech companies to deliver incredible experiences – all with the help of a reputed education mobile app development company.

5.  Learning Analytics and Machine Learning

The landscape of machine learning and learning analytics in higher education will also expand dramatically in the coming years.

These technologies will allow teachers, professors, and others to understand and optimize learning experiences, evaluate and report student learning all by the web. 

Also, the role of learning analytics and machine learning in the education sector will aid in recognizing and mitigating their academic/behavioral challenges and help them harness their full potential.

6.  Cloud Computing

From higher accessibility to resource availability, huge scalability, and enforcing intellectual stimulation, the adoption of cloud computing in higher education is bringing forth various new opportunities and advancements. 

The cloud computing in education sphere is also enforcing collaboration between students and teachers worldwide and delivering various other advantages, such as a real-time backup of information, improved file access, better accountability, reduced expenses.

And it is expected to continue the same in the coming years, generating the revenue by USD 25.36 Bn by the year 2021.

7.  Wearables 

Wearable technology impact on education is taking the edsector to the next level. It is making it possible for students to learn new concepts right from their smart watches, bracelets, and smart glasses anytime and anywhere. It is also improving student engagement, communication level between edtech companies and students, and the generated revenue. Which is eventually making entrepreneurs interested in Wearable app development.

8.  Gamification  

Gamification, one of the prime factors in success and evaluation of Duolingo-like app development cost, will also go popular in the education technology industry. 

The gamification technology used in education sector is adding a wide range of benefits in the education domain by evoking creativity, excitement and imagination in students and encouraging them to remain engaged in the educational environment. It will prevent them from saddling with paper and pencil, and empower them to freely express themselves and develop skills in a new and innovative way.  

A result of which is that many more entrepreneurs will look into how does gamification affect learning domain and put efforts to get a slice of its revenue, which is anticipated to be USD 1800 Mn by 2023.

9.  Video Learning   

When discussing the video learning impact in the education sector, the technology impact on education is enhancing this sector to capture the attention of  students, reduce the tutor’s workload, enhance learning outcomes, and much more.

10.  Payment Gateway 

Nowadays, various educational platforms are providing online learning courses, books, certificates, and other resources. Students are buying them online with a few taps on their mobile devices – all using the power of Payment gateway integration.

The concept of payment gateway is ensuring quick and seamless cash flow, getting an escape from the traditional payment issues, deriving a comprehensive report of all the earlier payments, accepting payments 24×7, enjoying instant communication, and much more. Something that is fostering the usage of payment gateway in edTech businesses.

While these are the technologies that are prevailing in the present market and encouraging education technology industries and companies like you to bring your team on board and see how to revamp your existing edtech business models, there are many more all set to enter the list. Or better say, bring significant difference in the future of the edtech industry.

Knowing this, it is understandable that taking a deep dive into the educational industry to get familiar with its future scope and the driving factors is a must effort. 

Now, we know that starting a new edTech startup by integrating these technologies is quite easier. But you have to be careful as it can be challenging to upgrade an existing learning management system (LMS) or another education application.

How Appinventiv Can Help Integrate a Technology Into an Existing LMS or Similar Education Software?

We, at Appinventiv, are known widely for aiding education business enthusiasts to launch a perfectly innovative and business-centric edTech solution, globally. Our team, with strong market knowledge and experience of creating LMS platforms like Nova, have helped Entrepreneurs beat the traditional/hidden challenges in the education marketplace and get a bigger slice of the market revenue, along with ruling the hearts and minds of the targeted audience. Something that clarifies that handing over your edTech project to us will give you the freedom and opportunity to integrate the finest technologies and tools into your business – and that too without bearing any issue.

So, what’s on your mind now?  Have faith in our learning app development company and Connect our education app experts and make your business ‘future-ready’.

The post What CEOs Must Know About the Impact of Technology on the Education Sector? appeared first on Appinventiv.

“Amsterdam-based Tribe, with an intent to boost digital skills, raised €3 Mn.”

“India-based edTech startups, BYJU’s and Unacademy raised $400M and $100M respectively in a round led by Facebook.”

All such news have taken the world by storm. They have made all of us ask the same questions in sync – 

“How come VCs have suddenly started taking an interest in the edtech startup world?”

 “Is this a sign that one must invest in the edTech market?”

Let’s dive deeper into the edTech market and figure out answers to many more such questions. 

Reasons Behind Growing Interest of VCs in EdTech Segment

1.  Untapped Opportunities

Even today, there are various regions and communities that do not have access to the educational resources. They are not able to have even the basic learning experience. Likewise, there are various people who are eager to learn something new or polish their skills but are unable to do so within the traditional educational ecosystem.

All such instances highlight a myriad of unexplored opportunities in the marketplace, which gives edtech VCs an assurance that investment in education startup funding ideas will definitely be profitable to them.

2.  Wider acceptance

Edtech platforms bridge the gap between those who wish to learn and those offering the same service by bringing them on the same platform, virtually. They are enabling them to learn anything, anytime and anywhere as per their own pace. Also, these platforms operate using the finest of technologies like artificial intelligence and IoT. 

Because of these two reasons, the edTech ideas are not solely being widely accepted by consumers, but are also attracting more investors.

3.  Need for lifelong learning experience 

The rate at which knowledge is growing these days, the time by which one learns a skill to apply for any job, another skill leads the show. This makes it imperative for them to embrace the idea of lifelong learning. And eventually, encourage investors and developers to invest their time and money into developing mobile apps that are expected to be the future of the education industry.

4.  Lower Competition

Another reason why investors are supporting the idea of education mobile app development is that even today, there are various subdomains where only one or two brands are changing the story. Implying, there is lower competition and higher market scope, which turns out to be a profitable edtech investment.

5.  Higher ROI

As mentioned so far, the edTech market is growing exponentially, its solutions are being accepted widely, the competition is minimal, and so on. All these factors clearly indicate that the profit over investment, i.e, ROI is exponentially higher in the case of online education domain and it can be regretful for an investor to overlook this opportunity.

While this clears the reasons why edTech is becoming a favorite of both educational investors and entrepreneurs, let’s take a look at the second important question – Should one invest into the idea of launching their own online education and edTech startup?

Well, it’s not as easy as it sounds. The investors take a look at different factors before deciding whether to invest or not into any educational venture. A glance of which can be taken from the next section of this article.

Factors VCs Consider Before Investing in EdTech Idea

1.  Core Problem & Its Impact

Currently, there are various startups who have or are looking ahead to step into the education segment. However, the problems that they are focusing on are either too small to consider or have already been solved. Because of this, edtech venture capital firms have become too selective about the projects they fund. They have started asking different sets of questions to the entrepreneurs to see if the problem focused is ‘must-solve’ or ‘nice-to-solve’.

In simpler terms, the venture capitalists gives a ‘green’ signal to only those edTech startup ideas that- 

• fits to the market needs and customer demands,
• attract and retain talents,
• steers both small ideation level teams to substantial large companies,
• accomplish goals in extreme situations, and more.

2.  Robust Cash Flow

There are various startups in the EdTech segment that operate with the business model that brings millions of dollars in their bank account for a particular time and then, suddenly brings it to the verge of shutting down. To overcome the loss of funding for any organization, educational investors are also paying attention to this factor while investing in any educational startup idea.

3.  Competitive Landscape 

Another factor that venture capitalists (VCs) are checking before investing in any educational startup idea is the competitive landscape. They are examining carefully if the startups are progressively working on the problem they proposed to solve, and whether they are finding an ease to beat the competition or not. This way, they are forecasting the future of any startup and deciding whether or not to invest it any further.

4.  Scalability

When it comes to funding any startup, edtech venture capital partners also focus on the scalability factor. That implies the possibility of the edTech idea growing over the next 2-3 years while remaining in the limelight and ensuring regular finance.

5.  Business Model 

With the passage of time, the consumer demands and market needs are also changing. This is making educational investors curious about the startups that come up with unique and innovative business models and ensure better returns. This clearly means that the business model you pick is yet another factor that can make your educational startup idea get attention from the investors.

6.  Alignment To VC Mission

When it comes to fundings, investors are not solely interested in education startups that add to their profits, but also provide them with a plethora of opportunities in the marketplace. This is again another reason why venture capitalists become choosy about educational startups.

7.  Experience 

Lastly, some of the edtech VCs prefer startups whose founders have substantial experience in this segment. Whose founders are familiar with the hidden challenges of edTech space and can use their knowledge and experience in crafting better ideas.

With this, we have seen what made investors turn towards the Educational market and the set of factors they focus upon before investing in any EdTech idea.

But, one major question that comes to mind here, even if you avoid making all the reasons that edtech businesses fail, is – What are the different EdTech ideas that one can forth?

To tackle this question, let’s uncover the different EdTech categories or simply said, the types of EdTech app ideas that are changing the education landscape.

Types of EdTech Ideas to Invest in 2021

1.  K12 Education Apps

The foremost type of EdTech application you can create is K12 Education apps. These web and mobile solutions provide school students and tutor kids with high-quality videos designed primarily on the academic curriculum. 

BYJU, PlanetSpark, and Blackboard Radio are the top EdTech startups to refer to when entering this category. They come laden with all the functionalities that are counted as the new gen must-have features of on-demand tutoring apps

[Also Read: Why Kid’s Educational Apps are a Good Investment for Startups?]

2.  Test Preparation Platform

These types of edTech platforms enable students to prepare for entrance exams like LNAT, USPC, Mensa, IELTS, Gaokao, and CFA. These software and mobile apps empower them to remain updated with the latest information, track their progress, gain confidence, as well as prepare for the exams at their own pace and convenience.

When talking about this subdomain of the education industry, the top startups to get inspired from are NeoStencil, Classplus, Examify, and Top Rankers.

3.  MOOC Portals

MOOC (Massive Open Online Course) portals are basically distance learning courses offered online by top universities across the globe. They let students register into any university worldwide and complete any course they want, along with connecting with other people who have enrolled for the same course. In other words, these platforms enable students to boost their knowledge and get ready to step into the real world smartly.

4.  Tech Learning Solution 

Alike online learning portals that help students to study any particular topic or subject, these platforms empower them to excel in coding and programming. The three best EdTech startups lying in this app category are Coding Labs, Aeon Learning, and Edureka.

5.  Gamified Learning Apps  

These types of applications enable learners to study and test their knowledge while playing a quiz or participating in any such activity. Some of the best examples of this type of EdTech apps are Moose Math, Masha and the Bear, Shifu, and Vismory.

6.  Language Learning Platform  

As depicted from the name, these platforms help users in learning a new language or practise any already known language. And that in a highly gamified and interactive way.

7.  Career Development Apps  

While they seem much like MOOC platforms, they serve to a different purpose. They facilitate graduates and other professionals to understand the basics of their dream job and prepare for the same in a faster and effective manner.

8.  Learning Management System

Learning Management System (LMS) is another type of online education startup funding  idea that you must consider this year. It refers to a software or platform that works like a corporation and provides the facility to administer, track, report, and deliver the learning resources, along with other products like discussion boards. 

As per the experts, the LMS market was USD 9.2 Bn in 2018 and is likely to be valued USD 22.4 Bn by the end of 2023. Something that makes education enthusiastic entrepreneurs step into this segment.

9.   School Administration   

Last but not least, School administration applications are the type of education ideas that are highly used by teachers and school administrators to manage schedules, calculate payroll, invoicing, organizing special events, and more. The best examples of which are Asana, Gibbon, Fedena, and Evernote.  

Whilst these EdTech app ideas will help you make real money on your investment, the journey is not a piece of cake. Various hurdles come into the way to enter the marketplace and enjoy the limelight.

So, in order to prepare you for the EdTech market, we will be throwing light on the obstacles that can hinder your path.

Challenges Your Startup Might Face in the EdTech Domain

1.  The fragility of the outer ecosystem  

While the educational ecosystem might seem like a perfect environment to go with the ‘one-size-fits-all’ approach. It is not so.

When you dive deeper into the education and learning segment, you would realize that the social and cultural factors make a huge difference in the existence and success of every learning solution.  

So, understanding the delicacy of the education environment and building your EdTech startup while considering all the language and cultural barriers is the foremost challenge to address.

2.  Need for technological infrastructure   

Even today, various regions across the world are deprived of basic infrastructure and resources including electricity and the Internet. The network latency is much higher than the one expected, which makes the app pages take hours to load. And when it comes to video lessons, the buffering continues for years.

This makes it nearly impossible for the students to reap the perks of using the top EdTech solutions and contribute to the success of the marketplace. Which clearly implies that lack of proper technological infrastructure is also one of the challenges that turn EdTech startups into a failed attempt.

3.  The attitude of the Targeted Audience   

By offering real-time and personalized services, edTech solutions are adding a sense of convenience into the environment. However, some students are seeing this as a way to escape from a disciplined learning environment. This is further making it tough for teachers and others to deal with the unmotivated students.

Making a balance between convenience and consumer engagement is yet another challenge that you need to focus upon.

4.  Lower Monetization   

Since people are more interested in free courses and study material, most of the online education startups embrace the freemium model for scaling their business. This monetization strategy, no wonder, brings higher downloads to the brand. But, it does not provide them with a higher retention rate. 

A prime reason behind which is that people are ready to pay only for things that bring long-term success to them. Or better say, things that aid them in knowing and polishing the skills that are highly in demand in the business world. 

The absence of such business models that earn by informing and preparing users for the top employment opportunities is again a reason why the EdTech market is not booming.

Now, while these are the challenges that are required to deal with ensuring a win-win situation in the education market, it is not wise to strive to handle them on your own. You must take the help of the best education app development services providers for the same. Someone like our team of EdTech software developers.

How Appinventiv Can Help in Launching Your EdTech Startup?

Apart from being a leading digital innovation partner, Appinventiv is also a reputed education mobile app development company that aids in shifting from the traditional classroom education system to a virtual learning world. 

Our team of educational web and mobile app developers has served various  online education startups and establishments with highly innovative and business-centric solutions to overcome the existing market challenges. Our experts keep themselves abreast with the changing consumer and market needs and have expertise at integrating the latest technologies like AI, Blockchain, AR/VR, Cloud Computing, and IoT in a digital solution – a glimpse of which can be taken from our ‘Nova learning’ platform case study.

And, in case you have any further queries, connect with our educational app experts today itself!

FAQs

Q. Why are VCs investing in edtech?

A. The edtech sector is growing at a rapid rate. There are a lot of unexplored opportunities in this sector.. In addition, there is lower competition and higher market scope, which turns out to be profitable for VCs looking to invest.

Q. What are VCS investing in?

A. As of now, VCs are currently investing in the online learning platforms and edtech sector because there are plenty of opportunities. Plus, ROI is exponentially higher in the case of the online education domain, so it’s a great place to invest. 

Q. Why do venture capitalists invest in startups?

A. Venture capitalists love to invest in startups because they have a competitive edge in the market. Vcs invest in startups that provide solutions to burning problems that haven’t been solved before by other companies in the marketplace. 

Final Note

When focusing on the future of edTech space, the online learning market size is anticipated to grow exponentially. Many more startups are entering the market with the support of reputed education app development services providers to connect students, teachers, and administrators anytime, anywhere, and across the devices. And eventually, get a bigger slice of the market that was worth $247 Mn in 2016 and is anticipated to be valued at $1960 Mn by the year 2021.

The post What do VCs Look for in an Edtech Solution? appeared first on Appinventiv.

When we talk about mLearning, there are few names that come on top of our head almost instantly – Coursera, Udemy, Lynda by LinkedIn, etc.

All these names that hit our thoughts belong to the sub-category called MOOCs.

Massive Open Online Courses officially came out to play a significant role in the transition from brick and mortar classes to digital.

All the benefits that the category now offered, not just made it a sub-category that students and instructors from around the globe were accepting from open hearts but made it one of the most quickly flourishing industries in a very short time-period.

Let us look a little into the whole MOOC market – the present and expected state, the fundings that the sector has been able to avail and the top players, before we look at what concerns the entrepreneurs most – Cost of coursera like app development.

Present and Estimated Future of the MOOC Market

Recent Funding in the Field of mLearning and MOOCs

The market scenario that you just saw is one that has not just attracted market players, as we will see in the next section, but have also warmed up the investment world.

The ease that these MOOC platforms offer to the world full of learners and instructors both in terms of convenience and cost saving is something that has not gotten unnoticed by the investors community. Time and again a number of funding rounds have been happening in the edutech platform, keeping the momentum of Coursera clone app builders high.

Let us look at some of the recent ones –

A. Emeritus, a U.S-Indian company that partners with universities to offer digital courses, landed a $40 million Series C round led by Sequoia India.

B. DataTrained, raised a second round of funding of Rs12Cr from a pool of 3 investors for a stake of 20% in the company in 2018.

C. MasterClass, platform for online video courses on topics from film directing to tennis taught by iconic figures in each field (like Martin Scorsese and Serena Williams) launched in 2015 and has raised $136M from top VC firms like IVP, NEA, and Atomico.

D. In July 2018, Edutech start-up Unacademy announced the closing of a $21 million Series C funding round from SAIF Partners, Sequoia India, and Nexus Venture Partners.

These funding rounds are simply a peek into how big the MOOC sector is and how mobile apps are changing the future of the education sector, especially from the point of view of educational institutions that are witnessing a change.

Now, before we move on to looking at the feature, tech stack info you will need to enter the flourishing market and to answer the question of how much does Coursera like eLearning app development cost, let us look into top market players, you will soon be competing with.

Top Players of the MOOC Domain

The market which is majorly known through the name of Coursera has a number of other names working on constant innovation to eventually become an associated word for MOOCs.  

With all of them aiming to earn their own share of the market and revenue pie that the industry has to offer. Let us look at the some of the other established names of the MOOC domain besides Coursera –

The names that we just saw to be ruling the edutech and MOOC domain are not restricted. The list is ever-growing and more and more brands are now entering the segment to try their luck in the flourishing sector.

Now, irrespective of what the headcount of players are today and what is the estimate of its growth are, the one thing which is constant remains – The list of features.

There is a set of features, which is common among all the top players of MOOC sector that have turned out to become the standard or must-have features.

Today, we will be giving you a cost estimate on the basis of these exact features for the additional costs only gets added on the base features. Thus, read our answer to What is the cost of Coursera like app development, as the MVP costs, something that will grow in the direction you would want it to grow.

Without further delay, let us get straight to it.

Must-Have Features of MOOC Apps like Coursera

Here is the list of must have features set shared by our team of mLearning app development experts that will add on to the answer of how much coursera like app development cost. And would also give a clear picture when making eLearning applications.

A. Search, Filtration, and Recommendation

It is the first and most important part of the whole eLearning software building process. All the eLearning platforms – website and application, showcases a whole catalogue of courses, which requires a properly outlayed search and filtering mechanism. There should be multiple ways users can arrive at the course that they are looking for –

1. By entering the keyword in the search bar
2. According to primary and secondary categories
3. Filters and sorting
4. Recommendations

B. Stakeholder Profiles

Usually, you will have to accomodate three profiles inside your application, as the top mobile app developers would tell you – Student, Teacher, and Admin when answering how to create Udemy clone app. Let us look at what features the three should individually entail –

1. Users Profile –

• Personal and payment information
• List of present and completed courses
• Information about the earned credits or points or certificate
• History of purchases
• Wishlist
• Profile settings
• Contact admin option
• Rating and Review facility

2. Teacher Profile

• Personal and payment information
• Create and Submit courses
• Dashboard with details of interest shown in their course
• Contact admin option

3. Admin Profile

• Modify blacklist users
• Modify courses
• Get statistics reports
• Assign roles to the users
• Help with change in subscription plan
• Manage newsletter and notification

C. Course Creation

There should be a tool integrated within the application that would enable the teachers to develop a course, prepare quizzes, questionnaires, etc. The platform should allow multiple things – design a course structure, write scripts, and add – slides, videos, text, coding exercises, quiz, PDFs, audio files, etc.

D. Dashboard

The instructors should be given the facility of a dashboard where they can track several activities and gain useful insights.

Usually, a dashboard consists information on –

1. Detail of courses
2. Monitoring of students counts, conversion, and revenue earned
3. Insights into what the students are looking for.

E. Course Detail Page

Every course should be given a dedicated page where all types of features can be feeded in. The page should have details like –

1. Description of the course
2. Information about the creator
3. The instructions of usage
4. Material required to study the course
5. Duration of the course
6. Rating and review

While this was about the course detail page, the course in itself should have – videos that have been pre-recorded, subtitles, quizzes, assignments, discussion forum, and maybe even gamification element to increase user engagement.

F. Payments Integration

Since, offering paid courses or taking payment for certification are the two most common source of revenue models present in a MOOC application like Coursera, you will have to have a complete know-how of the process of payment gateway integration for estimating your cost to develop eLearning website like Udemy.
There can be multiple payment modes that can be added in the application – Debit/Credit, UPI based, and integration of P2P Payment systems like PayPal, Venmo, etc.

G. Notifications

Notifications, as we have discussed on multiple instances before, is one of those important mobile app design tips that improve conversions. You should integrate the notification mechanism in the app in a way that the users are always updated about the topics they are interested in.

H. Business Side of the App

Although this is a feature that must be added at a much later stage, the option enables companies to give learning material to their employees. With the help of an API, you can send in the details of the employee’s learning progress to the partnered company.

Now that we have looked at the different features that must be present in you application to bring it to a point where it contributes into the flourishing market, it is time to look into a factor that according to all the for dummies mobile app development guide deem important – Technology Stack.

Technology Stack for Coursera and Udemy like Applications

Here is the technology stack that apps like Coursera and Udemy are usually based on.

• Language – JavaScript, Scala, php, Python
• Web Server – Nginx
• Storage – Amazon S3
• Database – Amazon’s Relational Database Service, MySQL
• Search – Amazon CloudSearch, Elastic Search

After seeing all the technical and market side of the coursera like app development, we have finally arrived at the section which will have a direct impact on your dreams to enter the edutech domain – How much does it cost to make a Coursera like application.

Cost of Coursera Like Mobile App Development

Now, while the answer to the question depends entirely on what you wish to add in the application, in case you are looking to go with the features we mentioned above and are planning to keep the technology stack same as well, the cost range will come down to something like this – USD 76,500 to USD 1,03,000.

However, what we would like to specify here is that while this is just a basic level cost, it does not necessarily mean that it would also be YOUR eLearning app development expenses. The more the features you plan on adding in the application, the greater would be the ultimate cost of the application.

Revenue Model

Now that we have looked at a number of different elements surrounding the development of MOOC apps like Coursera or Udemy, along with the answer of how much it would cost you to develop a coursera like application, it is time to look at the ways you earn money. Ways that we help our clients with in our role as the top education app development company of the nation.

[Read: How Much Money Can You Earn Through an App?]

So, as a parting note let us see how get back and grow the money you had put into the development of your MOOC application.

A. Paid Certificate

Course certificate is the one element which majorly attract students to the eLearning MOOC platforms like Udemy or Coursera. The fact that students will have to pay an amount which is a lot less than what a full-time college would cost is something that makes them pay for certificates very willingly.

B. Subscriptions

A common mode of earning money within the MOOC platform which quickly covers up the cost of coursera like app development is subscription. The students in this revenue model are asked to enroll in the app for free for a fixed period of time before they are asked to pay to complete the course.

C. Affiliate Marketing

Platforms both new in the market and old can earn good amounts through affiliate marketing. By simply following a process where they add an Amazon link in the course and then directing people to that Amazon link from where the users purchase the book, brands can earn good amount in name of affiliate marketing.

D. Corporate Learning

While this is the step that will only show results once your app has established itself in the market, you can in fact keep corporate learning as a part of your future business objective. For, it is estimated that the role of corporate learning mobile apps will be on a high in 2019. Coursera and Udemy already have a separate corporate learning packages in place, which makes it possible for them to charge on user group basis.

With this, you now have the answer to not just how much Coursera like app development costs but also  to everything that you need to get started and then even earn money from. Well, there is just one thing left to do now – Get in touch with our educational app developers.

The post What is the Cost of Coursera like app development? appeared first on Appinventiv.

Millennials entry in the property market has brought a number of changes in the industry, just like their presence’s impact on all the other industries.

The Gen Y with their famous trait of demanding everything on the move and in real-time have brought the once traditional and slow-moving industry on a platform that is known to give them everything that they need and how they need – Mobile.
This shift from face to face open houses to virtual tours on mobile is something that has not gotten unnoticed by the many stakeholders of the property market, who like millennials are demanding to move the industry on mobile.

This demand in effect has brought an increase in the property market enthusiasts who are in turn working to fill the gap between demand and supply. And it is all starting with one question – what is the cost of real estate app development like Zillow or Trulia?

Before we go on any further into looking at the factors that help answer how much does an app like Zillow app or Trulia costs, let us first look at how the modern property market stakeholders have been reacting to the idea of dealing with real estate transaction process on mobile – something that has given birth to the question how to make a real estate app like Zillow an Trulia.

The role that mobile apps play in the whole property renting, buying, and selling process, as we just saw, has not just changed the whole equation of how property transactions happen but has also led to an influx of market players, not restricted to how to make an app like Zillow app and Trulia now entering the space to attend to the changed need of the modern day property buyers and sellers.
Let us look at the names that have created a name in the real estate marketplace segment.

Now that we have looked into the market players that are presently ruling the property search mobile app industry, it is time to look at the real estate mobile app features at the back of which they have been able to create this place in the market and have been able to define how to make an app like Zillow.

Must-Have Features of Property Search App Like Zillow or Trulia

Database

Everything related to the success or even the mere functioning of the app depends on the integration of the database in your real estate mobile app development process.
The wider and updated it is, the greater would be the chances of keeping users interested in your application.

Onboarding

The first five steps that the user takes after installing the mobile app are the most deciding ones. The easier you make it the greater the chances of users not abandoning your application on the first go.
It helps to have a social media API integrated at this stage for then onboarding becomes a matter of few clicks.

Search and Filter

Property identification and filtration is another most important feature that must be present in the real estate app design like Zillow app or Trulia. You should aim at adding as many shortlisting features as possible in the platform, which would ultimately bring your end users at a much bigger comfort zone in terms of reliability of your platform.

Map

A proper map integration is a very important part of any property search mobile application. It is your only way to ensure that the property seekers reach the right location at the right time. Your only way to become the best property app.
In fact, you should also aim for integrating a smart map feature in the application, which would help in identifying what all places are in the vicinity – schools, banks, hospitals, etc.

Calendars

The feature comes in handy especially for the real estate agent side of the stakeholders. They can easily keep track of the open house and property buyer/seller meetings.

Apartment Details

Your platform would be considered to be truly effective only if you give in-depth insights into every property that is listed in the app. Everything from per sq.ft. area to the locality and contact person details should be clearly mentioned in the page.
Having the details of the property clearly mentioned in the app increases its value in the market as a whole.

Push Notifications

The benefits that rightly applied push notifications offer are too much and too big to ignore. And what applies in case of mCommerce works rightly so in case of property search applications too.
By instilling the push notification feature in the app, you will be able to keep the users updated in terms of the message that they receive or price fluctuations and even receive an update on the calendar appointment.

Currency Converter

With everything now operating on a one world scenario, the cross border movement of people has brought with itself the need for cross border real estate purchase as well.
And in such a situation where more and more people are getting open to the idea of having a property – rental or owned wherever they reside, it becomes a must have to have a currency conversion functionality in the application, as any real estate mobile app builder team would suggest.

Forum and Messenger

Having the forum functionality in the application will give your users discuss the property, its condition, profit-making ability, etc. in open. Something that would directly increase your app engagement count.
The inclusion of messenger functionality, on the other hand, will help you give your stakeholders a platform where they can converse with each other and expedite the whole real estate transaction.

Virtual Tours

Although still not mainstream, giving the facility to the end users to virtually visit the property before they make the purchase can do wonders to your turnover. Virtual tours can be an amazing way to turn them on the fence app visitors into people who would actually like to make the call and invest in the property.
So, even though it is not a must have now, virtual tours are in fact something that can have an impact on your app’s engagement and revenue generating abilities.

Now that we have seen the features set that have found themselves being must-have in a complete range of property search apps operating in the market today, it is time to look into the technology stack that would make the real estate mobile app design and development possible.

Technology Stack Needed for Development of Property Search Apps

• CoreData or Realm frameworks
• Google Places API
• Firebase SDK or Apple Push Notifications Service
• SimplyRets, iHomeFinder, Spark APIs
• Facebook SDK
• Zillow app API
• MapBoxGoogle Maps APIs
• The Onboard Informatics Community, Spatial Neighborhood APIs

What is the Cost of Real Estate App Development like Zillow or Trulia?

While the answer to how much does property search app costs like in a difficult to define ‘It Depends’, let us provide some deeper clarity.

If your property search app will also operate the same set of features like those listed above along with the same set of the technology stack that we shared a while back, then your cost of Zillow like app development would come somewhere in the range of USD 83,000 to USD 1,00,000.

*Now, this is the basic most range settled on after analyzing the features and technology stack set we shared above. Any modification in the sets would automatically affect the cost one way or the other.*

Knowing the ways you can earn money after spending a figure as the answer of the cost of real estate app development like Zillow or Trulia like the one we saw above is a necessity that you need to answer.
And understanding its importance, it is what we are going to look at next.

Monetization model to Follow in Your Real Estate Mobile App Development Journey

There are multiple ways through which real estate based property listing apps make money. Here are some which we advice our clients:

1. Sell Ad Slots to Property Management Companies
2. Premier Service Offering to the Real Estate Agents
3. Sell Ad Slots to Mortgage Lenders and Similar Businesses

The money you spent on answering the question How to Make a Real Estate App Like Zillow and Trulia and the money you have the potential to earn will never arrive at a stage where the development cost is covered with the profits until you establish a place for yourself in the slowly crowding mobile space.

How to get your app a competitive edge in the real estate app space?

Knowing how to be better or simply have a competitive edge strong enough to stand atop the growing crowd of active real estate players entering the app segment has become a prerequisite answer to How to Make a Real Estate App Like Zillow and Trulia.

There are a number of things that you can think of in terms of bettering the user experience and a number of features that you can add to make the experience more value wise profitable.
At the back of our experience of developing tens of real estate apps like Zillow and Trulia as the leading real estate mobile app development company, we have identified these functionalities whose addition in the mobile app can give your app brand the competitive edge it needs to survive.

1. Low listing fees

The number one thing that generally keeps realtors and advertisers jumping between one real estate app to another is the listing fees. While it is completely unprofitable to waiver off the listing fees completely, you should instead keep the fees low in relation to other applications active in the market.
You can even have an inauguration waiver wherein you don’t charge any fees from the users for a set period of time.

2. Give detailed information

Another thing that you can do to make your app more than a property listing platform and convert it into a go-to platform for people looking to buy rent or sell a property is by giving them in-depth information into the locality, security, the mode of conveyance around the area, market valuation of the area, prospect of growth after a few years, etc.  

3. Use blockchain

Although at a low adoption rate but Blockchain technology is already in many ways changing the real estate outlook across the world. Being one of the top technologies disrupting the real estate sector, the technology is poised to become a concrete answer to how to make an app like Zillow app.
In order to establish yourself as a disruptive market player, you can integrate the technology into your real estate app. There are a number of elements that you will be able to decentralize with Blockchain technology inclusion in the app, like property verification, name transfer in property documents, etc.

4. Updated MLS integration

One of the biggest complaints that the users have even from the popular real estate apps is that the data which have been fed in the app is outdated. Half of the time either the property listed is already sold out or the price range mentioned on the app is outdated.
The solution to this consistent problem is better integration with MLS. The more closely knit you keep your app with the MLS, the more updated and real-time your app would be.

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With the constant demand for transformation and innovativeness, a ripple demand has fallen on the need for constant learning that promises a skilled team that is updated with everything happening and entering the industry and is ready to make the most of it while making the whole business all the more efficient.

This demand has single-handedly increased the market size of the corporate mLearning solutions – something that would draw the corporate learning market to grow further in 2019-2020.

The graph here is a sign of how while mobile apps have already established a prominent part in the education industry revolving students, the trend is on a high even in the case of corporate learners.

Before we move on any further, it would help knowing what learners feel about digital learning in the corporate world.

*The insights into the corporate learners that we are about to share here will also allow you to devise your corporate learning and development mobile apps accordingly in 2019-2020, in a way that your learners get the maximum output.

Without further ado, let us get to what corporate learners have to say about mobile based corporate training solutions for businesses. This will give you an idea of the extent of the importance of mobile learning in businesses –

How is the Corporate World Responding to mLearning – The Learner Side of Corporate eLearning Market

A. Career progression is the Driving Force of mLearning Apps for Corporates

78% of employees feel that they are most likely to enroll in a course when they believe that it would have an impact on bettering their job or would help in reaching their future role.
The other big motivator besides this in using the eLearning mobile apps that offer recognition is the attraction of getting recognized by a prestigious corporation or university.

B. They are Pro-AI but with Concerns

While around 60% of learners said that they are more than willing to use AI for identifying skills and recommendations of courses that would help fill any gap in their present skill set, they were worried about how their manager would react.
They were tensed about the fact that either their managers would feel that they are looking for a job change or might think that they are not capable of handling a task according to the selection of course.

C. Learners Wish to Have a Portable Record of Education Achievements

Around 73% of corporate learners said that they would prefer corporate learning apps more if it allows them to take the record of what they have learned and achieved in the course to the next job. In short, they would appreciate it if they had complete personal access to their records.

D. An Ease of Access is what the Learners Want

Around 78% of learners felt that they would appreciate it if all the learning was there in one place along with the presence of well-synced learning recommendations.

The convenience to access the course from all devices and on an offline mode along with quick load time are some of the things that the learners felt a necessity to define the importance of mobile learning in education.

E. The Mode of Learning Was Not Restricted to Reading

All the learners were divided into several media of inculcating corporate learning and development. Modes ranging from – Reading, Online Courses, Webcasts, Audio, and Video.

They believed that when given options to meet the different style of learning, varying learning goals, and the difference in circumstances, they witnessed an increase in engagement and value.

F. 25 – 40 Minutes of Session was Best for Effective Learning

Around 50% of the corporate learners said that around 25 – 40 minutes of a session in the mLearning app was the most efficient for them, followed by sessions ranging from 1 to 2 hours of learning and those lying in the 5 – 10 minutes duration range.

*Source of statistics: 

Now that we have looked at how the corporate learner world is reacting to the idea of Corporate eLearning solutions, it is time to look at the benefits that have helped shape the high growth and engaging online corporate training market.

But before we do that, it would be apt to look at how far the mobile learning apps for business have come in the corporate world. So, let’s take a quick detour and look into the journey the digital corporate eLearning platforms have taken.

See how the corporate mobile learning solutions continued to grow and are even more persistently prepared to expand in the many corporates around the world?

Weel. The place that these mobile learning apps for corporates are able to create for themselves is the doing of the impacts of the learning apps on corporate, something we are going to look into next.  

The Benefits of Corporate eLearning Solutions for Your Business

1. A Competitive Advantage

With the business world as our witness, if there is one thing that stands between an averagely performing company and a true industry disruptor, it is the time that the disruptors put in learning and adapting to new technologies.

In fact, brands like Uber, Bloom Energy, Amazon, and the likes directly link their speed of innovation and intensity of growth to constant training and learning.

In such a scenario, a Learning Management System Software that is designed to keep your employees updated with the technologies that are not just mainstream now but have the potential to be major holds the ability to put you points ahead of your competitor.

2. Easy Accessibility of Resources 

Today’s businesses are coming out of the geographical boundaries shell, culture conventions, and time limitations. To work alongside them, learning apps would have to deliver training in a small time span. Depending on the job role and geographical location, it can be very difficult for businesses to deliver learning in a face to face mode. This is where the accessibility offered by mobile applications can come in handy. 

An example of this can be seen in the ATLNext app developed by India’s leading construction organization, L&T. it enables its employees across the nation to learn anytime.

3. Bridging the Skills Gap

The present era belongs to transformation. The skills that you require now to succeed in the market are a hundred times more complex than what they used to be when the industry was in an infancy stage.

By incorporating well devised mobile learning apps for corporations in your day-to-day work activities, you will be able to not just be updated with how the industry is moving but also know where you are lacking in the world-wide scale and take measures to fill the gap while there’s time.

4. Cost Reduction

Consider the cost of traditional training practices for a minute. Note the cost of accommodation, food, venue, per hour trainer cost, operational costs of materials like projectors, notepad, pen, etc. These costs can be brought down drastically if you employ a mobile app in the process. The cost of education application development will always be a one-time expense.

5. To Attract and Retain a New Age Workforce

As the well researched educational software development services would tell you, it is estimated that by the time we reach 2025, millennials would have made up 75% of the world’ workforce.

And this new age workforce is on a constant thrive to learning and growing to a newer self. Sophisticated learning programs developed in modes that entice them can be your only way to keep them hooked with your company for they will not just be interested in the money but in an expansive career path and the diverse experience that it offers.

6. To Unite the Global Workforce

One of the biggest challenges that every business which operates on a global platform faces is passing off learning in a unified manner across the whole wide business comprising multiple offices distributed across various countries.

For a business that is not confined to any one geographical location, it becomes of prime importance that all the millions of employees are brought on the same page and given the exact same training and LMS modules. Brands that make use of regional language courses specific to individual regions are able to achieve an across company growth with much ease.   

With this, we have seen the benefits that come associated with every business learning app for Corporate there is but it is important to note here that all the information that you read above would be incomplete until you are able to design a learning solution that is prepared to offer all those benefits and be a part of the constantly growing mLearning industry. Until you design the mLearning app right, you will not be able to offer the right set of experience – something that your mobility partner who excels in corporate mLearning application development services should tell you.

On that note, let us now look at the features that are commonly present in every Corporate mLearning solution and mLearning apps for corporate employees before we head on to studying the trends that would define the digital corporate mLearning industry this year and beyond.

The features that every enterprise application development company vouch for in corporate learning app design –

With the features of corporate eLearning mobile app design now attended to, the time has come to look beyond.

Popular mLearning trends of 2018

BYOD is the news

BYOD or Bring your own device is one of the major mobile Learning trends that turned up in 2018. It was projected in a report by Sailpoint that 2018 will see approximately 70% of working professionals will prefer working upon their own electronic devices (mobiles and PCs), at homes as well as at workplaces.

This is so because people today are used to working with the comfort of their own devices. Being habitual of the convenience of smartphones which allow us to access any knowledge resource anytime anywhere, BYOD becomes an obvious next step. And with the majority workforce being tech-savvy, BYOD is one of the most appropriate strategies to be adopted in any workplace.

The hiking popularity of Mobile Analytics

Mobile analytics is the way to deciphering learning patterns of different individuals at a workplace. And as more and more organisations are identifying themselves as L&D (Learning and development organisations), “the adoption of having personalized learning models developed for all the employees at a workplace” as an idea is catching fire.

In short, more organisations are addressing the importance of having personalized learning models.

Keeping it small to keep it effective

The average attention span of the present time’s learner is passably low. Therefore, in order to keep up with that, things need to be kept curious enough for people to respond to them. In fact, people tend to lose interest in anything that they know is a long winding course.

Thus, the best retention strategy for people is to keep the content portion small. It is better to keep the content focused on a single topic than to diverse out the things to learn in terms of topics.

In order to achieve the best results, this kind of micro-learning modules can be easily delivered through personal mobile devices of people and are highly effective.

Mobile phones for performance support

Now that we have already learned that corporate education mobile app development is directly related to enhanced performance, it is time that we learn how can mLearning help in providing performance support to our teammates.

In other words, the support that they need to perform their jobs perfectly anytime they need and anywhere they need it. For instance, personal sales meetings can be tricky while demonstrating a tech product, an app or a functional software. And, in many cases, the sales personnel on field end up requiring the support of the backend development team for a smooth presentation. And, mLearning tools can be of great help in such scenarios.
Access to all the required information from the ease of a mobile device can work wonders for all the teammates in enhancing their overall performance at work.

With the rising number of mobile learning app development practices, it is safe to conclude that mLearning has become a dependable technology. In fact, The above-mentioned work trends have worked well with all kinds of business structures in this year and since technology is forever bettering itself, trend forecasts can be made for the coming year as well. Let us take a look at what 2019 and 2020 has in store for mLearning.

mLearning trends to be seen in 2019 to 2020

Mobile Coaching

As cool as Mobile Coaching sounds, it is, in fact, a great source of having a subject matter expert right in your pocket. So for instance, before an important sales pitch or business meeting, your teammates can easily log in to the “mobile coaching” application and have a real expert prep them for the meeting in real-time. Mobile coaching, with the benefits that it offers, single handedly makes Mobile apps a growing trend in the Education industry.. And this is not just an online portal but it also works as an offline video directory for people to browse through the videos to watch anytime.

Having Education apps in enterprises opens the possibility of learning on the go, especially in case of critical meetings and deals.

Micro-assessments on mobiles

Training and learning never end even when your teammates complete their courses. As an aid to knowledge retention, mobile micro-assessment tools will be a big high of 2019-2020. As for mobile micro assessments, the mobile apps for corporate training would enable trainers to create short questionnaires and have them scheduled to be sent at fixed intervals to the teammates after the completion of their training.

These assessments can even be taken via text messages or chat applications and services.
In fact, It will not be wrong to say that training and learning, either in Workplaces or in learning institutes, Mobile learning technology will revolutionise Education as we know it.

Augmented Reality will become a part of the process

Development of m-learning tools is on an all-time high now and for the future. Mobile learning apps are now moving towards AR and VR. With AR performance support tools, all the teammates have to do is hold their smartphones up to anything they require information about and they can get real-time information about the object to guide them.

No matter how rigorous training is given to the employees, the real knowledge retention takes place with hands-on-experience of the job. And there is no better way of embedding experience with learning except through augmented reality.

Today we have access to Some of the best mobile learning learning platforms, right through our app stores, like Coursera, Duolingo, Linkedin Learning and the list goes on.  mlearning and education app developers are seeing a high demand of such apps among the over 2 billion smartphone users of the world. If truth be told, Mobile app development companies around the world have dedicated teams for mLearning apps.

The time is not far away when mLearning will be seen as the only way of learning in many diverse scenarios of life. In fact, mobile learning apps for enterprises and other educational bodies are being adopted rapidly. Future of mobile learning is not a dream anymore, rather it is already a practical, practicable technology which is seeping very rapidly into our training courses. And with this ever-improving technology, the scope of m-learning app development is also taking a leap.

Now that we have seen it all – the corporate eLearning market, how far it has come, the benefits that it offers to the many corporate learners around the world, the must-have features, the trends which will soon go mainstream in the corporate mLearning market – the only thing now left to do is to get a corporate eLearning solution devised and enter an era where your business emerges as the industry disruptor.

Not sure how to achieve this? Let us help you. Contact our team of mLearning App Development experts, today!

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