CakePHP is an open source web application platform which is written in PHP. It is faster, simpler and require less code to build web applications.

1. CakePHP is an open source web application platform which is written in
PHP. It is faster, simpler and require less code to build web applications.
Some strong reasons of why to use CakePHP...
 There are no complicated YAML or XML files. So there is no need to
configure
 CakePHP development especially in India is perfect for use in
commercial applications.
 It keeps your applications secure & safe and comes with built-in tools
for input validation
Lately, CakePHP team has announced its immediate availability of
CakePHP 2.3.7 - is a bugfix release and 2.4.0-beta - is the first release of
the branch of the 2.4 branch.
You can expect some of the changes in 2.3.7 which includes :
 Here cache views contain their content. And while upgrading, it is
recommended to flush your view caches.
Importance of CakePHP and Its Latest Release

2.  Now on emails delivered via SMTP, the Return - Path is excluded.
 When saving records, the automatic modified and created times are
now consistent.
 The IIS_SERVER constant have been removed, which was
undocumented and untested features around it.
 Classnames containing '..', they are now refusing.
 Requests containing 'index.php' from which errors generated, now
render correct properly.
 In the rendering process, email views are now calculating the
boundary later fixing issues, where the View callbacks could append
inline images or attachments which results in erroneous boundary
markers.
 When the application base path matches the controller name,
AuthComponent is generating redirect URLs correctly.
Under certain conditions, controllers outside of the application could be
loaded in the security fix in this release which fixes an issue. For
applications which are accepting uploaded PHP files, is an important
upgrade where user data is used to determine the final file name. And for
an attacker it would be possible to upload a PHP file and execute code
remotely in this situation.
Now, let's see what's with 2.4.0 - beta...
This latest 2.4.0-beta release of CakePHP consists of so many new
features which has improved performance, ease of use and security. This
new version is actually a replacement for the 2.3.x branch.
Here you go with the lists of some of the new features and
changes in 2.4.0 :-
Console :
 SchemaShell - now cake schema generates the exclude parameter.

3.  BakeShell - cake bake model is supporting baking behaviour which
finds lft, rght and parent_id fields which will add the Tree behaviour in
your table.
 FixtureTask - schema parameter which allows baking all fixtures
using schema import.
Components :
 AuthComponent - "Starting of the session can be prevented by
setting AuthComponent::$sessionKey to false."
 PasswordHasher - it is for the password hash generation and
checking.
Datasource :
Ion the connection definition, Postgres, Mysql and SQLserver support a
'settings' array in the connection definition.
View :
 JsonView
 HtmlHelper
 TextHelper
 PaginatorHelper
Network :
 CakeRequest
 CakeEmail
 HttpSocket
Logging :
 FileLog
 SyslogLog
Utility :
 Validation
 CakeNumber
 CakeTime
 Xml

4. ErrorHandler
Routing :
 Router
 Links
Thus, looking to the above new features, developing application will
become an easy task. So hire PHP developer in India if you want to
develop web application.
Source: https://exploreb2b.com/articles/importance-of-cakephp-and-its-latest-release