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 includes prison custody, community corrections and other programs for adult offenders; immigration detention centres; and juvenile detention facilities. The majority of revenue is generated by publicly operated and government funded facilities, with a small but growing share contributed by privately operated companies. Performance is influenced by criminal activity levels; capital expenditure from federal, state and local governments and overall population trends.
The industry consists of companies that are primarily engaged in managing and operating correctional institutions and detention centres. Facilities include prisons and remand, juvenile detention and immigration detention centres. This industry does not include police services.
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.