The global Identity and Access Management Market size is projected to grow from USD 15.7 billion in 2023 to USD 32.6 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 15.6% during the forecast period, according to new research report by MarketsandMarkets? All the steps in an identity's lifespan, from the time it first becomes an employee or contractor until it is terminated, are included in identity lifecycle management (ILM). This covers all the actions taken throughout the employee's employment, such as name changes, brief maternity absences, and leaving and returning to the company.