A 2018 article in Medium suggested there could be as many as 800 million active Excel users. There are also over 100 million Google Sheets users worldwide. According to Statista, Microsoft Office (42.6%) is now in a competitive race with Google’s G Suite (56.9%) for new users.
Office 365 is used as the main productivity software by over one million companies worldwide. Close to 600,000 companies in the U.S. use this software suite. It is true that many startups and companies with predominantly younger employees now utilize G Suite. However, it is clear Redmond still has a clear stranglehold on the enterprise space. So while Sheets does deliver good value, Excel remains the gold standard.