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| Correctional and Detention Services in Australia Industry Market Research Report Now Updated by IBISWorld |
| By intercooleronline.com |
| Published: 05/13/2014 |
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The Correctional and Detention Services industry in Australia 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. Industry revenue is estimated to increase at an annualised 2.3% over the five years through 2013-14, to reach $4.0 billion. In 2013-14, revenue is forecast to grow by 0.7%, limited by lower levels of criminal activity. In Australia there are currently 148 operational facilities, comprising 127 prisons, 14 juvenile detention centres and seven immigration detention centres. Employment numbers and total wages are projected to increase over the five years through 2013-14, as more educational, vocational and transitional programs are implemented to help offenders integrate back into society. The industry exhibits a high level of market share concentration, with major players Department of Attorney General and Justice NSW, Victorian Department of Justice, Western Australian Department of Corrective Services and the Department of Community Safety dominating the industry landscape. Read More. |
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