Developing custom software within the set budget without compromising on quality and performance is one of the main objectives of businesses. That is why it is imperative to learn about the common factors that can have a huge impact on the cost of software development.
When it comes to EdTech software development, businesses should remember that the total cost of the overall software development will be impacted by many factors. From project scope to the technologies and framework used, and to the complexities of UX/UL design, there are a plethora of factors that will decide how much amount you have to pay to your tech partner.
Listed below are some influential factors for the cost of EdTech software development:
Software Complexity:
When you discuss your idea with the team of software developers, they will determine the complexity of the overall EdTech software project. A reputed and experienced team of software developers suggests the project scope and cuts down on unnecessary features to keep the software simple and easy to access.
It is a fact that simplicity can help in lowering the cost of software development. You can build a simple and unique EdTech software for schools and educational institutions with basic features. However, it is a key factor to consider especially when you want to develop quality-focused and premium EdTech software.
Technologies and Frameworks Involved:
Some technologies are quite time-consuming and more complex than others, thus they can lead to cost overruns. This is the reason, it is important to choose the right set of tools, technologies, and frameworks. You and the team of developers need to be familiar with the scalability, compatibility, usability, and security of those technologies.
Also, the technologies you use should be suitable for the different devices, platforms, environments as well as targeted users. These days, businesses are opting for low-code or no-code tools, cloud-based platforms, and open-source frameworks for cost-effective EdTech software development.
UX/UI Design:
UX/UI design has become popular in the past few years in the field of software development. Nowadays, users expect the software application with simple navigation, user-friendly features and to be highly functional. As there is an array of options available in learning platforms, users can easily abandon the software that has poor UX/UI design.
This makes businesses invest more to enhance their UX/UI design and entice their customers. However, hiring an experienced team of development for EdTech software development can help in improving the UX/UI design within the set budget.
Duration of the Project:
The duration is one of the major factors that determine the cost of education technology software development. The longer the process takes for customization, integration, and deployment, the more resources and time it will take, which will increase the cost.
To manage the cost, it is necessary to set realistic deadlines at the start of the project and get everyone aware of it. Adding unnecessary features and dragging the project for too long can increase the price more than it was planned.
Bonus Tip: Make a financial agreement with your EdTech software development service provider
Depending on the software development company you choose, the overall development cost can vary. The most common costs that are associated with software development are performance and maintenance. While making a final agreement, ask your service provider how they will assist in fixing serious issues, software updates, scaling services, and other cases.
Also, you should consider the cost of MVP and advertising to ensure that your software reaches your target audience.
