SQL Server Reporting Services (SSRS) is a reporting tool that allows users to create and view reports. It includes components like the Report Server, Report Builder, and Report Manager. When a user requests a report, the SSRS server retrieves data from sources, merges it with the report definition, and returns the generated report to the client. Reports in SSRS can be designed using Visual Studio and include things like datasets, parameters, charts, and expressions. Security and permissions are managed through roles and role assignments that control access to report content.