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Laravel is a popular open-source PHP framework that is widely used for web application development. Here are some advantages of building your software on Laravel: 

1. Rapid Development: Laravel provides a number of pre-built functionalities, such as authentication, routing, and caching, which can help speed up the development process. Laravel also has a modular structure that allows developers to quickly create and reuse code, further accelerating development time. 

2. Scalability: Laravel’s architecture is designed to support the development of scalable applications. It can handle large amounts of traffic and data, making it an excellent choice for building software that needs to scale. 

3. Security: Laravel has built-in security features, such as password hashing and encryption, that help protect your application from common security threats. It also has a robust authentication system that can be customized to fit your specific security needs. 

4. Testing: Laravel comes with built-in testing tools that make it easy to test your application’s functionality. This ensures that your software is of high quality and reduces the likelihood of bugs and errors. 

5. Community: Laravel has a large and active community of developers who contribute to its ongoing development and support. This means that there are always new features, updates, and solutions to common problems being developed and shared. 

6. Integration: Laravel can integrate with a variety of tools and platforms, making it easy to incorporate third-party services and APIs into your application. This can help you extend the functionality of your software and enhance its capabilities. 

Overall, Laravel provides developers with a powerful set of tools and features that make it an excellent choice for building high-quality software.