The Laravel framework is ideal for developing fast and efficient web applications, typically using MVC (Model, View, Controller) architecture. It is favoured by web application developers due to the potential for rapid development and the steady stream of improvements and updates to the framework.

The framework is frequently updated by project contributors via Github and its MIT Open Source licence means there are very few restrictions on its use and modification.

Laravel is the highest rated and most popular PHP framework on Github, with great support from project contributors and the Laravel community in general.

Laravel makes many tasks commonly found in web applications such as creating login and authentication systems simple. This means faster, highly cost effective development and developers can focus instead on the core functions of their web application.

Its powerful built-in Eloquent ORM (Object relational-mapper) means code for working with databases is clear and clean and makes collaboration amongst developers faster and more efficient.

The MVC (Model, View, Controller) architecture helps with structuring project code logically and separating application logic from views. Laravel includes a command line tool called artisan that speeds up repetitive tasks such as creating models, views and controllers.

Laravel's Eloquent ORM means working with databases is efficient and requires minimal code, and its migration system means changes can be safely and securely made to existing databases. For front-end development, the built-in templating system means robust and clean user interfaces can be built quickly. It also includes useful features such as automatic pagination.

The built-in authentication and validation systems reduce the coding time for new projects significantly, and the framework is built with security in mind. Laravel's testing functionality is extremely effective, with the ability to create PHPUnit feature and unit tests during development.

This is due to the speed by which common and popular web application features (such as login systems) can be deployed. There are a wide range of custom packages available for specific tasks such as importing or exporting data; advanced roles and permissions; and integrating with payment gateways for billing systems.

The structure of Laravel projects ensures best coding practices are followed and makes collaboration between developers more efficient. The large community of developers and enthusiasts means the Laravel framework is secure and optimised.

In summary, Laravel allows developers to create beautiful, robust and secure web applications in the most cost-effective way possible