The overwhelming majority of revenue will be generated by publicly operated correctional centres, with a smaller portion to be contributed by privately operated centres. Total revenue generated actually reflects government expenditure on correctional services in the country and will total $3.9 billion in 2011-12. This represents average annualised growth in industry revenue of 2.5% over the past five years. Increasing population and per capita offence rates have driven growth in demand for industry services, which also pushed prisons over capacity. Some states have begun to combat prison overcrowding by emphasising alternative penalties such as community based orders and home detention.
This industry provides detention and correctional services. The industry includes prisons and other remand centres, juvenile detention centres, immigration detention centres and transition 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.
