Python is the fastest-growing programming language due to its simplicity, readability, and extensive libraries, making it ideal for web development, data analysis, artificial intelligence, and machine learning. Its versatility and strong community support contribute to its widespread adoption. However, Python’s limitations include slower execution speed compared to compiled languages like C++ and Java, and higher memory consumption, which can be a concern for performance-critical applications. Despite these drawbacks, Python’s ease of use and powerful capabilities continue to drive its popularity.