The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
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Learn moreJun 2016
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Prison trends are mixed globally, with countries falling into two camps: one, well into a period of outright declines in many prison metrics; and another, struggling to meet the needs presented by high sustained incarceration rates. These changes are affecting how prisons operate, what services they require, how they are staffed and how many inmates they hold. This briefing outlines the current challenges to the prison marketplace and where opportunities might lie in the future.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
Growth in new prisons has slowed markedly across the world due in part to economic headwinds in emerging economies, declining incarceration rates in many developed economies, and increasing debate calling into question the current prison structure and its aims.
Prison rates, however, are still showing much upward movement in emerging economies, due to a raft of demographic factors such as fast-growing urbanisation rates, decline of traditional support structures and increasingly unequal economic systems.
In developed economies, the opposite trend is occurring, as prison population rates are declining outright in many cases due to lower crime rates and changing policies toward rehabilitation and training instead of incarceration.
In the face of increased scrutiny, private prisons across the world have reached a stage where the heady growth of the last decade has tapered significantly and where a future with outright declines is quite probable.
Prison staffing has seen faster growth than prisoners across the world, even in developed countries with outright declines in prisoner population rates. Emerging economies, despite increased staff growth, still have a long way to go to reach rates seen in developed economies.
Declining average length of stay and recidivism rates in much of the developed world point to a future with continued inmate declines, while in emerging economies, prison overcrowding and stubbornly high crime rates will force the need for increased prison funding in the coming years.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.