2023 is the golden age of vocational education.
The golden age of vocational education is coming. According to Deloitte's research data, by 2023, the market size of vocational education in China will exceed 900 billion yuan. This is mainly reflected in two aspects.
Vocational examination training
Many training institutions have been greatly affected by the epidemic in previous years, such as the postponement or cancellation of recruitment examinations and qualification examinations. With the recovery of the epidemic, vocational examinations will return to normal, and the demand for candidates to participate in training and examinations will be more enthusiastic. According to yost Sullivan's prediction, by 2026, the market scale of vocational examination and training will reach 1 102 billion yuan.
Professional skills training
According to the data of People's Daily Online, the gap of skilled talents in key fields in China will be close to 30 million in 2025. With the rapid development of China's economy and the imminent upgrading of its industrial structure, manufacturing and service industries put forward higher requirements for workers' professional skills and literacy. In addition, there are many new occupations, such as artificial intelligence, modern agriculture, modern information technology, biotechnology and so on. There is a big talent gap in these emerging fields.
On the other hand, however, the current employment situation in China is grim. Statistics from the National Bureau of Statistics show that from June to October last year, the unemployment rate of young people aged 16-24 in China ranged from 17.9% to 19.9%, a five-year high. Employment difficulties are mainly reflected in two aspects. On the one hand, enterprises can't recruit people, on the other hand, young people can't find jobs.
Vocational and technical training is an important measure to improve workers' employment and entrepreneurship ability, alleviate structural employment contradictions and promote employment expansion. Yost Sullivan predicted that by 2026, the scale of China vocational and technical training market will reach 2.2/kloc-0.50 billion yuan.
The market scale continues to expand.
The online education and training industry has shown a rapid growth trend in the past few years, and this trend will continue in the future. According to the "20 19-2023 China Online Education Market Forecast Report" released by iResearch, by 2023, the online education market in China will reach 345.2 billion yuan, up about 27.3% year-on-year. The continuous expansion of market scale will provide more development space for online education and training industry.