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First we’d need to ask what could a cloak or cape provide for the modern man that jackets and coats don’t already do while giving the wearer free movement of their arms?
The cape’s association with wealth and nobility is also hurt by the fact that the upperclasses these days are more interested in appropriating the style of lower class people (I.e. pre-distressed jeans) to try and appear as more down to earth.
It does for software becuase when somthing gains enough marketshare it then becomes somthing that businesses start to consider as a general option.
Like the reason Adobe gets by despite the culture for just pirating their software is becuase even piracy gives market share, and Adobe products are so commonly used that corporations feel obliged to use Adobe licences in their projects.