Well, it's not a matter of how many other monitoring services are out there. I think if you're offering something to distinguish your service from others, yes, sure it will work. But you have to remember, proper monitoring means you need a few physical servers around the world, which can get expensive, and usually in cases like that, you need custom written software, because there's no real end-to-end solution available. So it can get quite pricey.
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While we've been in the monitoring market since January 2001 competing against Alerta as well as the enterprise network monitoring market, it has been an oscilloscope in terms of ups and downs.
From January 2001 until late last year, we were the enterprise network monitoring system in use by NTT/Verio’s enterprise division. If you were enterprise with NTT/Verio, you had our monitoring. Then they developed their own in-house system.
While the actual number of monitoring service providers is quite low when compared to shared hosting providers, it is still a some what saturated market.
You will face the battle of the in-house technicians who have their own systems in place or who want to develop a system.
And you will face the battle against existing competitors who are already entrenched in certain areas.
I wish you success; and hope that in your battles you can share the good and the bad learned over time.