WebDriverManager is a Java library that automates the management of Selenium WebDriver drivers. It was originally created to download, setup, and maintain the proper drivers as browsers are updated. It has since evolved to include features like finding installed browsers, instantiating WebDriver objects, running browsers in Docker containers, and integrating with a browser monitoring library. While mainly used in Java, it can also be used from the command line or as a server. The presenter is now working on a proposal to include WebDriverManager's capabilities in Selenium itself as an official "Selenium Manager" component.