It seems that the sticky moat is Excel (and to a lesser extent but gaining somewhat rapidly, the Teams integration into 365. Google has blown it on being the enterprise chat solution).
Seems Google could chase this to close this, but Microsoft Excel is just absolutely sticky
That said, I think Excel is the exponentially higher case and hardest to replace. The niches filled by Word that Google Docs can't fill readily are pretty small comparatively. Excel has grown to mean so much more than just spreadsheets. Its pretty much a first line database to a huge amount of the business community, and still relied on across entire industries to do work, from wealth management to accounting to payroll to inventory etc.
I have, upon thinking about it as well, to hear any raised point about PowerPoint vs Google Slides where PowerPoint does something so niche that Slides doesn't and its a deal breaker, actually.
The features and functionally of Google office are very limited, especially when you compare Sheets to Excel