For so long, the company intranet was left unattended and somewhat neglected. Advances in the technology of the internet itself meant it was easier to look for information and resources on the world wide web rather than the company intranet. But intranet, extranet, and enterprise collaboration tools have been growing in recent years. An industry report pegged the enterprise collaboration market to grow from USD 31.0 billion in 2019 to USD 48.1 billion by 2024. This is a Compound Annual Growth Rate on 9.2% over five years. Growth factors behind enterprise collaboration tools. The growth behind enterprise collaboration tools has been driven by the emergence of AI as a driving force for the improved usability of intranets and extranets. Josh Smith, Product Manager for Google Drive comments on the success the Priority feature in Google Drive, “The intelligence that makes Priority so helpful is actually powered by your own day-to-day actions.” Cloud services, a key force in growth.
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