Online Office suite market heating up

The online office suite market is heating up with Google launching it's power point creator to complete it's office suite. Google competes directly with Zoho which also has a very famous and successful offering for the online office suite.
Although Zoho is not as popular as Google docs it is much more powerful. For eg. The Google power point creation tool does not allow users to create basic figures in presentations which is allowed by Zoho Show.
In my view although less famous Zoho wins hands down in the competition against Google. It does help against competition when you are as famous as Google. But unless Google adds some of the basic functionality in it's tools I don't see it winning against Zoho in the near future.