Currently there is nothing available natively to replace LAPS. However, the solution is in works for AAD devices as part of the insider program. Have you considered elevating permissions for device administrator using PIM? additional-local-administrators-on.html
CloudLaps that is not open source

we want to implement local admin password rotation for our pure AAD joined device only.
We are looking at CloudLAPS however it is open source (hence there is no support if there is any issue - we do have M365 E5 license for all of our 1000 users).
i was wondering if anyone can suggest similar solution like cloudlaps that is not open source?
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Hyugai 1 Reputation point
2022-11-06T23:47:06.743+00:00 thank you for your reply and information.
currently, our main concern with CloudLaps is only the support since Cloudlaps is open source.
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Jason Sandys 30,936 Reputation points Microsoft Employee
2022-11-07T17:32:54.247+00:00 Azure LAPS for AADJ endpoints was announced at Ignite a few weeks ago. I don't remember the exact timeframe for public release but I think it's early next year (although there are no guarantees or commitments).