Overview

Arrested development: Decreased rates of criminal activity will confine revenue growth

IBISWorld’s Correctional and Detention Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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Industry Analysis & Industry Trends

The Correctional and Detention Services industry aims to provide a safe, secure and humane correctional system that incorporates elements of rehabilitation, education and community protection. The industry encompasses the operation and management of prisons, community correctional facilities, programs for adult offenders, immigration detention centres and juvenile detention facilities. The majority of industry revenue comes from publicly funded and government-operated facilities. Three privately operated companies account for the remaining proportion of yearly industry revenue. Industry performance is generally influenced by levels of criminal activity, government capital expenditure and appropriation levels, overall population trends, and rates of incarceration...

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Industry Report - Starting a New Business Chapter

The industry is characterised by high barriers to entry, primarily in the form of regulatory restrictions and capital investment requirements. State and territory governments control the majority of prisons and correctional facilities in the industry, and effectively have regional monopolies in their respective jurisdictions. It is therefore very difficult for private companies to enter the market. In the states where private prisons have been introduced, prison operators are subject to strict government regulation.

To become a private prison operator, a company must win a government contract. To do this, it is essential that the company has previous experience in correctional management and sufficient capital. Pri..

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Industry Products

What is the Correctional and Detention Services Industry?

Companies in the industry are primarily engaged in managing and operating correctional institutions and detention centres. Facilities include prisons, remand centres, juvenile detention centres and immigration detention centres.

Industry Products
Government-managed prisons
24-hour court cell centres
Periodic detention centres
Privately managed prisons
Transition centres and programs
Juvenile detention centres
Immigration detention centres
Industry Activities
Prison operation
Detention centre operation
Remand centre operation
Juvenile detention centre operation
Correctional centre operation

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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