RFID Tags Market revenue will reach $13.65 billion by 2024, says Esti RFID Tags Market Forecast and Industry Analysis Re | Page 5

Constantly declining Costs are making RFID tags more
adoptable
The cost of RFID tags is declining exponentially due to the increase in its
adoption rate and competition among vendors in the industry. Higher
inventory accuracy, increased transparency and improved product
availability are key propellants of the market. Government such as
federal agencies, state agencies, local government, law enforcement
and municipalities are focused on providing high quality service to the
people it serves while at the same time trying to become more cost
effective.