DirectX is a set of application programming interfaces (APIs) developed by Microsoft to facilitate game development on Windows by providing direct access to hardware and a common standard for multimedia applications. It includes components like DirectDraw, Direct3D, and DirectInput for handling graphics, sound, and input devices, and has evolved through several versions to enhance gaming performance and compatibility. The latest version, DirectX 12, aims for console-level efficiency and improved utilization of hardware across various Microsoft devices.