2. Access control is a growing market with room for RMR
While maintenance agreements are popular in the fire market, until recently, they were relatively unheard of in other sectors. Small-to-medium businesses have created a boost in demand for access control and in turn, have created the opportunity for RMR.
Cloud-based services for access control gives end users a better way of managing systems remotely, and they can be a huge boost to your recurring monthly revenue.
When you use a cloud-based service for Access Control, you can upcharge the cost of your services to your customers per door. This can be billed as a monthly, quarterly, or annual service agreement. Another option is to include the fee in the price of the product.
The licencing of mobile credentials is also a recurring revenue stream since your customer will need to pay for each year that they want to continue using mobile access control.