Industry Analysis & Industry Trends
The Correctional and Detention Services industry aims to provide a safe, secure and humane correctional system, which incorporates elements of rehabilitation, community protection and reparation. The industry includes prison custody, community corrections orders and other programs for adult offenders, as well as immigration detention centres and juvenile correction facilities. The majority of revenue is generated by publicly operated correctional centres, with a small but growing share contributed by privately operated centres.
Total revenue generated by the industry actually reflects total federal and state government expenditure on correctional and detention services. This is expected to total $4.1 billion in 2012-13, representing growth of 3.8% on the previous year... purchase to read more
Industry Report - Industry Analysis Chapter
The performance of the Correctional and Detention Services industry is measured by the level of and growth in government expenditure (state and federal) on the operation of prisons and correctional facilities; this equates to industry revenue. The allocation to the industry is decided each year in the respective government budgets, based on prisoner or detainee number projections and the current condition of available facilities.
The industry can be segmented into three divisions: adult correctional facilities, juvenile detention and immigration-related detention. The major operating enterprise is the government, followed by three contracted private enterprises... purchase to read more