The Incremental Model is a software development approach that divides the project into smaller, manageable parts called increments. Each increment builds on the previous one, allowing developers to add features gradually. This method helps in identifying issues early and makes it easier to adapt to changes in requirements. In this model, each increment goes through the full software development cycle, including planning, design, coding, and testing. By the end of the project, the final product is a combination of all increments, ensuring that the software is functional and meets user needs. This approach is often used in conjunction with methodologies like Agile or Scrum.