Angular is a widely-used, open-source web application framework maintained by Google and a community of individual developers and corporations. It is written in TypeScript and is designed to simplify both the development and the testing of single-page applications (SPAs). Angular achieves this by providing a framework for client-side model-view-controller (MVC) and model-view-viewmodel (MVVM) architectures, along with components commonly used in rich internet applications. The use of Angular in web development allows for creating dynamic, modern web applications with rich features and seamless user experiences.

One of the primary benefits of Angular is its ability to create efficient, sophisticated single-page applications in a clean and maintainable way. It offers powerful features like two-way data binding, dependency injection, modularization, templating, AJAX handling, and more, which collectively streamline the development process. The two-way data binding particularly reduces the amount of boilerplate code a developer needs to write, resulting in quicker project development and fewer errors. Additionally, Angular's modularity allows developers to organize code into reusable chunks, making it easier to manage and scale large applications.

While Angular continues to be a robust choice for web development, it's worth noting the emergence and popularity of newer generation technologies such as React. React, developed by Facebook, is a JavaScript library for building user interfaces, particularly known for its virtual DOM feature which enhances the performance of applications, especially those requiring frequent dynamic content updates. This illustrates the ever-evolving landscape of web development technologies, where each framework or library, including Angular, brings its own set of advantages, and the choice often depends on the specific needs and context of the project.