2022.7 iResearch Inc.2 SMS 3 1 2 3 4 54 Vocational Education and Training VET 5 NGO 6 IT&7 2026 8000 OCED Worldbank UNESCO Statista 2016-2026 4915205585856046476847207517798035.8%7.4%4.7%3.4%7.0%5.8%5.2%4.4%3.7%3.1%2016 2017 2022e 2021e 2018 2019 2023e 2020 2024e 2025e 2026e YOY%2026 80008 17%90%10%2020$1501.2$34148.9$7244.7$13463.6$49999.0 GDP GDP GDP 95.0%93.6%86.4%78.7%41.9%17.5%18.1%7.2%6.9%1.3%15-24%9 GDP 1947 198743.4%56.2%1997 201932.1%43.7%GDP 2004 202016.3%19.8%10 2000-20205.13.82000 2020 201011.42000-2020 2000-2020/21 0.81.01.52020 2000 201076.8%74.0%71.0%70.3%68.3%66.1%65.0%63.7%61.7%60.9%2015 2000 2020 2005 2010%/11 156.94 10%10 120 4100 5000 32500 28 20 12 72 12 12 VR/AR AR AR AR 13 1 2 3 4 514 1.84 78.79%7.25%12.74 49.61%18.07%2.16 70.66%6.91%2.86 66.15%1.28%4.31 52.9%15 1+X&=+1+X 1993.111994.72011.62019.1 16 2023 6400 2021 2020 2021 2023 6400 1 1 MBA/EMBA 2 SaaS 2 1 to C to B 2 3 IT 4 2016-2023 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Formation16 CPF 500 Skill for Jobs:Lifelong Learning for Opportunity and Growth 25 800 25 2019 GDP 11.7%2050 65 30%29.5%20.6%202026.1%2035e 2050e2014-2019 2020-2050 14.114.714.815.215.716.42016 2014 2015 2017 2018 2019 2011 2012 2014 2013 2015 2017 2016 2018 2019 2020 20213.32.72.23.31.51.83.23.03.43.25.12011-2021 65%26 2050 2020 37.5%83%2020 2018 2020 2015-2020 2017 2015 2018 2016 2020 201930.2%32.1%29.7%31.1%34.1%37.5%36.825.922.919.48.07.6 2020 27 2015 2021 PES 2021 German Public Employment Services PES 4.0%13.0%11.0%8.0%7.0%6.0%5.0%18.0%31.0%28.0%41.0%27.0%27.0%17.0%2021%2015%28 2075 15-24 20%40%PwC Africa N 200 1950-2100 15-24 15.0%30.0%34.0%21.0%0.41.66.711.118.59.4%15.1%21.4%41.5%63.8%2100e 2000 1950 2020 2060e%29 2026 67 OCED Worldbank UNESCO Statista 2016-2026 273033374044495358626711.5%11.0%10.6%10.2%9.8%9.4%9.0%8.6%8.3%8.0%2018 2016 2017 2019 2020 2022e 2021e 2023e 2024e 2025e 2026e YOY%2026 67 30 2.64 11.6 40%20.6%15-24 45.3%45%613 GDP83.6%15-24 39.5%2020 62 680 2 1.4 90%4 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201855.7%49.8%71.0%201551.3%2017 201652.9%58.8%2019 202071.7%74.6%2021e73.2%2022e 2023e%/39 2021 9.1 9.1%2020 1200 5.66.06.57.17.68.49.12021 2015 2018 2016 2020 2017 2019 2015-2021 2015-2020 5266317681,0511,1721,245201823.9%201523.6%201626.7%24.5%201727.7%201928.1%2020%/ACCA/CFA/CMA40 2021 4.71 GDP 4.1%2020 800 GDP 8-10%2015-2020 173.1 167.3 164.2 167.6 162.2 171.855.3 59.5 62.4 64.662.460.3388.0 385.6 384.6364.3364.7 359.6187.4 187.4 184.8183.4191.6 188.72019 2015 2020 2016 2017 2018854.4 849.5 843.9819.0 815.5 812.2 2016-2021 GDP 201614.6%2017 2021 2018 201914.9%202014.8%14.7%14.7%14.6%GDP%41 2030 2030 12 2020()1.95 2019 7.3%1.2 9.7%128.7321.7-0.50.00.502004006000.1%20110.4%2020%1199.4 2420.8 4166.7 1480.0 3009.0 5866.7 2020 11 2021 11 2010-2020 2015-2022 2011-2022 2020 11 2021 11 36.234.635.937.939.7 40.8 41.344.1-4.4%3.8%5.6%4.7%2.8%1.2%6.8%2016 2015 2017 2020 2018 2019 2021 2022e%0.7%1.4%1.9%1.0%4.4%4.5%2020 2010 20120%2018 2014 20162%4%6%GDP%42 2025 2900 2021 2020 23221 1428 21295 498 5480 2015-2021 2015-2025 49.168.9496.62015 2020e 2025e 26663055361540964568468645856607398038499538952018 2015 2016 2021 2017 2020 20192793326379444184945552155814864 CAGR=40.3%CAGR=620.8%43 2015-2021 2015-2023 4.75.35.96.57.07.58.19.010.02021e 2017 2015 2016 2018 2019 2020 2022e 2023e 10691117117512301293134813982019 2015 2016 2017 2021 2018 202044 2026 6050 2020 500 1 10 1157 1585 1998 2476 3106 3859 4869 6050 3821 5687 7695 9396 11605 14044 17362 21077 2024e 2020 2019 2021e 2025e 2022e 2026e 2023e 2019-2026 AI AI AI 45 2021 26 0-10 IMD 2016-2023 2016-2021 116713541613183616441992234827332016 2017 2018 2019 2022e 2020 2021e 2023e 7.056.626.906.676.747.005.465.695.375.935.766.002021 2016 2017 2018 2020 2019 No.26No.35No.26No.38No.32No.36No.11No.8No.10No.7No.12No.246 47/2017 2019 2021 48 12 3 4 549 CEGOS 100%CEGOS 1926 1948 TWI 1968 2003 2008 2018 CEGOS 1926 86 CEGOS 15 10 7 10 15 50 CEGOS CEGOS CEGOS 3000 20 50 CEGOS 2 1 50 20 20000+2.3 IT 51 Recruit Recruit B2B2C Recruit Recruit Holdings l C B SaaS Recruit Recruit2020 1573 51.30%30.10%18.60%52 Recruit Recruit Recruit Recruit 2006 SaaS 1960Recruit 1962 Invitation to Campanies 1976-1993 2006 15%11 41.2%2010 The CSI Companies2012 Indeed2011 Study Sapuri 2013 NuGridConsulting 2016 USG People 2017 TrustYou2018 AirSHIFT SaaS 2018 Glassdoor2019 Air Business Tools SaaS 2011 Staffmark Advantage Resourcing 1960-2006 2006-2017 2017-2020 Recruit B C53 SaaS&VR+WEDON DEMOS PaaS/SaaS W EDON D EMOS 19 25 25 330 500 8000 230 35000 54 B C C PaaS()/VR DEMOS 55 2015 2022 2 2013 2014 RTC 2015 2018 12 AI 2020 5 OMO 2021 12 31 260+1 2 3 4 2021 9 5348 1255 23.5%2021 9 476 340 136 AI 11.621.326.383.8%2019 202082.0%2021Q1-Q3%2019-2021 Q3 56+OMO 31 260 2021 67.5%210 277 30+app RTC AI 6.69.9 9.93.58.913.12019 2020 2021Q1-Q3 2019-2021.Q3 OMO 57 2011 SaaS 20 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 A B SIG C D E1 E2 58+59 12 3 4 560 2 5000 1.5 30%2019 2018 2017 2020 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