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DCOM-Server-Process-Launcher service is essential component of
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What is Windows Service For?
Quoted From Wikipedia: On Microsoft Windows operating systems, a Windows service is a long-running executable that performs specific functions and which is designed not to require user intervention. Windows services can be configured to start when the operating system is booted and run in the background as long as Windows is running, or they can be started manually when required.
They are similar in concept to a Unix daemon. Many appear in the processes list in the Windows Task Manager, most often with a username of SYSTEM, LOCAL SERVICE or NETWORK SERVICE, though not all processes with the SYSTEM username are services. The remaining services run through svchost.exe as DLLs loaded into memory.