How to improve Laravel performance

Laravel is a widely-used, open-source PHP web framework known for its speed, scalability, and ease of use, providing developers with an array of tools to facilitate common web development tasks like routing and authentication. Ensuring the performance of Laravel applications is crucial for maintaining user satisfaction and business growth, as slow or inefficient applications can deter users and impact revenue. Various factors, such as poor code quality and server issues, can negatively affect performance, making it essential to monitor and optimize applications using strategies like updating to the latest PHP and Laravel versions, employing tools like Laravel Debugbar and New Relic for monitoring, leveraging Laravel Octane for faster application performance, and utilizing features like route caching and database caching. Implementing performance optimization techniques like dependency injection and monitoring database transactions can further enhance application efficiency, while tools like New Relic provide real-time insights to help developers address performance bottlenecks and maintain high application standards.