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Is it not, though? Google Sheets is available to all GSuite customers. GSuite is the most popular email hosting platform in the world, with roughly 18% market share (Microsoft 365 trails not significantly far behind).

I think Google Sheets has a pretty solid user base.

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GSuite and Office 365 subscription base, while somewhat correlated to, is not equal to the usage of Excel vs Google Sheets.

Highly anecdotal, but there are far more complex business processes still running in Excel that are not going to be translated over to Google sheets, and they are all offline behind a network firewall.

Those types of sheets will really benefit from this improvement.

Now if they just supported python instead of VBA for scripting!

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