AWS Elastic Beanstalk is a cloud service provided by Amazon Web Services that simplifies the process of deploying and managing applications. It supports various programming languages and frameworks, allowing developers to focus on writing code without worrying about the underlying infrastructure. With Elastic Beanstalk, users can easily scale their applications, monitor performance, and manage resources through a user-friendly interface. It automatically handles tasks like load balancing, capacity provisioning, and application health monitoring, making it an efficient choice for developers looking to streamline their deployment process.