Kubernetes is an open-source system for automating deployment, scaling, and management of containerized applications. It groups containers that make up an application into logical units for easy management and discovery called pods. Kubernetes masters manage pods and provide shared services through components like etcd (for shared storage) and controllers. Nodes run pods and agents like kubelet and kube-proxy. Kubernetes uses concepts like deployments, services, and labels to abstractly define applications and make them accessible. It provides tools for self-healing, scaling, and lifetime management of containerized applications.