Stock Markets March 31, 2026

UK Competition Watchdog to Open Inquiry into Microsoft’s Business Software and AI Integration

CMA to assess licensing practices across Windows, Office apps, Teams and Copilot under new Strategic Market Status powers

By Sofia Navarro MSFT
UK Competition Watchdog to Open Inquiry into Microsoft’s Business Software and AI Integration
MSFT

The UK’s Competition and Markets Authority will begin a Strategic Market Status investigation in May to determine whether Microsoft holds dominance in business software markets. The probe examines an ecosystem that includes Windows, Word, Excel, Teams and Copilot and follows findings of a prior cloud market inquiry that raised licensing and market power concerns. The CMA will evaluate rapid AI adoption in workplace tools and whether recent industry commitments on cloud egress fees and interoperability are sufficient.

Key Points

  • The CMA will begin an SMS investigation in May to examine whether Microsoft dominates business software markets, covering Windows, Office apps, Teams and Copilot.
  • A prior CMA cloud market investigation concluded in July 2025 found Microsoft and AWS each holding up to 40% of UK customer spend on cloud services, and licensing concerns have not shown material progress since.
  • Microsoft and Amazon have pledged to remove egress fees for a minimum 180-day switching period and to introduce direct datacentre connections, but the CMA says the effectiveness of these measures is uncertain.

Overview

The Competition and Markets Authority (CMA) in Britain has announced it will launch a Strategic Market Status (SMS) investigation in May to assess whether Microsoft dominates key business software markets. The inquiry could lead to legally mandated conduct requirements or pro-competition measures that would affect licensing terms used by Microsoft across hundreds of thousands of UK businesses and public sector organisations.

Regulatory decision and scope

The CMA board, which met on March 25 to set its next work programme, decided to use powers created under the UK’s Digital Markets Competition Regime to commence the SMS probe into Microsoft’s business software ecosystem. The investigation will examine a range of products identified by the regulator, including Windows, Word, Excel, Teams and Copilot.

The SMS designation process can take up to nine months. If the CMA issues an SMS designation, it would open the door to imposing conduct obligations or other interventions on Microsoft, subject to separate legal procedures.

Regulator rationale

The CMA said the rapid integration of artificial intelligence into workplace tools - including agentic technologies - has made this a critical moment for scrutiny. Products such as Microsoft Copilot, Enterprise GPT and Claude Enterprise are already in widespread use, the regulator noted, and their embedding in routine business software has implications for UK productivity and competitiveness.

"We’re not just responding to today’s concerns but getting ahead of emerging issues too," said CMA Chief Executive Sarah Cardell.

Background from cloud market inquiry

A main factor behind the SMS decision was the CMA’s assessment that Microsoft has not made material progress on licensing concerns since the conclusion of its cloud market investigation in July 2025. That earlier probe found that Amazon Web Services and Microsoft each account for up to 40% of UK customer spend on cloud services, identifying both firms as holding significant market power.

Industry commitments and CMA response

Separately, the CMA said Microsoft and Amazon have taken steps aimed at easing switching and improving interoperability. Both companies committed to removing cloud egress fees from UK customer contracts for a switching period of at least 180 days. They also plan to introduce new products that will directly connect their datacentres to each other and to Google Cloud Platform. Microsoft has said it will make the necessary contractual changes within two months.

The CMA cautioned, however, that the practical effectiveness of these measures remains uncertain and that further action may be required.

International context and next steps

The UK action places it alongside other jurisdictions conducting related scrutiny. Brazil’s CADE has opened an investigation into Microsoft’s corporate software and cloud conduct, and Japan’s JFTC is probing whether Microsoft Azure limits customers and competitors from combining services across providers.

CMA Chair Doug Gurr recused himself from the board’s decision on the matter. The regulator said it will publish the scope of the SMS investigation and an invitation to comment when the probe formally begins in May.


Implications for organisations and markets

Businesses, public sector procurement teams and cloud service purchasers will be watching the CMA’s actions closely, as any mandated changes to licensing or interoperability could affect software costs, procurement flexibility and vendor switchability across the UK market.

Risks

  • Potential regulatory interventions - If an SMS designation is made, the CMA could impose conduct requirements or pro-competition remedies affecting software licensing and vendor behaviour, which would directly impact enterprise IT procurement and public sector licence agreements.
  • Uncertain effectiveness of industry commitments - The CMA has flagged that steps taken by Microsoft and Amazon to reduce egress fees and improve interoperability may not be sufficient, creating uncertainty for cloud customers and the broader cloud services market.
  • Parallel international inquiries - Ongoing investigations in Brazil and Japan introduce cross-jurisdictional uncertainty that may affect multinational cloud and software providers and complicate compliance strategies.

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