OSGi is a modular Java platform that provides classpath separation, service definitions, and lifecycle management for Java applications. It allows applications to be built from independent and interchangeable modules. Popular OSGi-based application servers include Apache Felix, Apache Karaf, and Apache ServiceMix. These platforms support features like hot deployment, dynamic configuration, and provisioning of modules. Larger platforms like JBoss Fuse and Fabric8 provide additional capabilities for microservices, clustering, and auto-provisioning across multiple servers. While OSGi provides strong modularity and control, it also adds complexity compared to alternatives and requires knowledge of the OSGi platform.