question

@yannara, Microsoft Launcher is an Android application that lets users personalize their phone, stay organized on the go, and transfer from working from their phone to their PC. On Android Enterprise fully managed devices, Launcher allows enterprise IT admins to customize managed device home screens by selecting the wallpaper, apps, and icon positions. This standardizes the look and feel of all managed Android devices across different OEM devices and system versions.

The Managed Home Screen is the application used for corporate-owned Android Enterprise dedicated devices enrolled via Intune and running in multi-app kiosk mode. For these devices, the Managed Home Screen acts as the launcher for other approved apps to run on top of it. The Managed Home Screen provides IT admins the ability to customize their devices and to restrict the capabilities that the end user can access.

The are used in different scenarios. We can choose one according to our enrollment type. We can see more details in the following link:
https://docs.microsoft.com/en-us/mem/intune/apps/app-configuration-managed-home-screen-app
https://techcommunity.microsoft.com/t5/intune-customer-success/how-to-setup-microsoft-launcher-on-android-enterprise-fully/ba-p/1482134
https://docs.microsoft.com/en-us/mem/intune/apps/configure-microsoft-launcher

Hope it can help.

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