Laravel is a open source web (available under MIT licence on GitHub) framework based on PHP, more specifically Symphony framework. Developed by Taylor Otwell, it follows the MVC (Model-View-Controller) architecture and it is considered as one of the most popular PHP frameworks at the moment.
Laravel is favorite tool of many freelancers and companies as well, it can handle highly complex web applications in a quick and secure fashion. It simplifies many aspects of modern development, including work with sessions, databases, routing, caching and user authentication. With such built-in tools, developers can focus on solutions for more challenging problems.
Built around Laravel is huge ecosystem of valuable development tools and libraries that will additionally improve the quality and speed up the product development and easy rapid growth in features.