Bacula is an open source network backup solution that can backup systems from small devices to mainframes. It provides enterprise-level features like centralized management, backups across different media types, point-in-time restores, and scales to handle thousands of machines. The five main components are the Director, File daemon, Storage daemon, Console, and Catalog database. Jobs define what files to backup from which clients to storage devices on a schedule. Bacula is configured through files and offers security, hardware, and job features for backups.