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Technically, yes. But it would be the end for Microsoft.
A large part of what makes Microsoft products better then the alternatives is everyone else uses them. LibreOffice is good enough, as are a few other options. However everyone you work with is using Microsoft office and the differences are just annoying enough as to make it better for you to get on the Microsoft train. Likewise KDE and GNome are both good enough desktops (on whatever kernel), as is MacOS, but since everyone else is on Windows it will be easier for you to be as well. If significant numbers of people were using something else then it would no longer be easier for you to choose Microsoft. Europe is large enough that forcing them to switch will for large parts of the rest of the world to rethink. My company as offices in Europe, if those offices are no longer on Microsoft it becomes easier for IT to say lets move everyone to something else.
I disagree. That was the situation 10 years ago.
Now what makes Microsoft products better is integration.
As a business, you could research, buy, deploy, configure and maintain an office suite, a messenging app, a collaboration tool, an SSO provider, a cloud storage solution, an intranet presence, an MDM system, and a PBX, host all of that on your own servers, which you keep patched, watch over resources, storage, etc.
Or you just get an M365 license for every employee.
If you have major downtime with the first option, you risk your job.
If you have major downtime with the second one, you can blame Microsoft, knowing that half the companies in the world are having the same issue right now.
Right but that integration only works because everyone has it. If your company has people in europe you lose all that for such people and so you have to do it anyway and get blamed