Launcher apps have the functionality of changing the icon name.
I’m using the Nova Launcher app here.
You can change the icon’s name on the home screen and app drawer using this app.
Remember that the following steps work on both rooted and non-rooted Android devices. Let’s see the steps.
Steps to Change the Name of the Icon
Long press the icon in the app drawer or home screen.
You will see a “Pencil” icon or “Edit” option. Hit it.
In the pop-up, change the name as per your wish.
Tap the “Done” option in the pop-up.