Secret management is crucial for protecting sensitive information in today's digital era, encompassing passwords, API keys, encryption keys, and tokens that secure access to IT systems, databases, and applications. Effective secret management ensures robust security against cyber threats, compliance with regulatory standards, and supports automation and technological advancement. However, managing the growing volume of secrets, maintaining consistency across diverse IT environments, ensuring strict access control and authentication, adapting to rapid technological changes, auditing and complying with regulations, and addressing human factors are significant challenges. Implementing best practices such as prioritizing encryption, rigorous access control, regular auditing and monitoring, routine rotation of secrets, leveraging automation, establishing strong password policies, and providing comprehensive training and awareness can aid in achieving effective secret management. Various tools like HashiCorp Vault and Infisical offer robust solutions to safeguard sensitive digital credentials, with Infisical emerging as a noteworthy open-source solution that balances advanced security with user accessibility.