I saw this posted a couple days ago which pretty succinctly summarizes the current state of the market.

That said, worth noting that these launchers and complex storefronts aren't really needed either, which is part of why I don't have an issue with Steam. If you have a good game, you can just sell it on your own website like Minecraft, League of Legends, or Tarkov. Steam's biggest (or at least most universal) utility for developers is just that it provides very cheap, very effective marketing.