The Correctional Facilities industry will experience continual growth over the next five years, in light of strong demand for private facilities and services. As federal and state governments have looked for low cost ways to house inmates and solve the overcrowding problem, they have increasingly turned to industry operators. In the coming years, is expected to continue expanding as governments increasingly look to privatize facilities and services for cost-effective alternatives to publicly operated correctional facilities. However, there is much industry scrutiny and, if that continues, the industry could face hard times.
The Correctional Facilities industry consists of operators that own or manage correctional facilities and halfway houses. Services provided by industry enterprises include private janitorial, maintenance, trash disposal, guard and security, mail routing reception, laundry and other services that support operations within correctional facilities. The industry does not include facility support services for other types of establishments, such as military bases or other government facilities.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.