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Correctional and Detention Services in Australia - Industry Market Research Report

Publisher IBISWorld
Published Nov 20, 2024
Length 77 Pages
SKU # IBSS19492962

Description

Correctional and Detention Services in Australia - Industry Market Research Report


Correctional and Detention Services in Australia

Correctional and detention services providers aim to maintain a safe, secure and humane correctional system that incorporates elements of rehabilitation, education and community protection. The industry includes providers that operate and manage prisons, community correctional facilities, programs for adult offenders, onshore immigration detention centres, juvenile detention facilities, and other related services. Most revenue comes from publicly funded and government-operated facilities. A small number of privately operated companies accounts for most of the remaining revenue. Factors like criminal activity rates, government capital expenditure and appropriation, overall population trends, and incarceration rates all influence industry performance. The COVID-19 pandemic only had a small negative effect on the industry from late 2019-20 through 2021-22.

Companies in the industry primarily manage and operate correctional institutions and detention centres. Facilities include prisons, remand centres, juvenile detention centres and immigration detention centres.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

77 Pages
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 Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

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

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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