JSON Parsing is the process of converting JSON data into a format that can be easily used by a program. JSON (JavaScript Object Notation) is a lightweight data interchange format that is human-readable and easy for machines to parse. Parsing JSON involves interpreting the JSON structure and converting it into corresponding data types, such as dictionaries or lists in Python, or objects and arrays in JavaScript. JSON parsing is crucial for handling data retrieved from web APIs and integrating it into applications or analysis workflows.