A Static IP Address is a fixed numerical label assigned to a device on a network, allowing it to be easily identified and accessed. Unlike a dynamic IP address, which can change over time, a static IP remains constant, making it ideal for hosting websites or services that require reliable connections. Static IP addresses are often used by servers, printers, and other networked devices that need consistent communication. They simplify remote access and can enhance security by allowing specific devices to be whitelisted in firewalls, ensuring only authorized access to the network.