puts on tinfoil hat
I think the companies that are doing it are fighting over the space the same way operating systems do. Android, iOS, Windows. Potentially apps could start being developed for Angular and React and so on, in the future which are tied to licensing contracts for users.
All the smaller frameworks are people trying out a few things, none of them corporate or free are really necessary.
I'm not really advocating for or against, since I've never used a large framework like this in a team environment, but there must be benefits. Lots of smart people aren't using it because they are dummies that can't do better.