Name: MATLAB
Rating: 4.4 (454 reviews)

Overview

Product Information on MATLAB

Updated 13th October 2025

What is MATLAB?

MATLAB is a software developed for numerical computing, data analysis, and algorithm development. It provides an environment for matrix manipulations, plotting of functions and data, implementation of algorithms, and creation of user interfaces. The software supports integration with other languages and applications, and it is widely used for tasks such as data visualization, simulation, and prototyping in engineering, scientific research, and computational finance. MATLAB is utilized for solving complex mathematical problems, automating computations, and facilitating the modeling and simulation of systems. It addresses business challenges by enabling users to efficiently analyze data, develop algorithms, and generate reports or applications within a unified platform.

Overall experience with MATLAB

Data Analyst

1B - 3B USD, Banking

FAVORABLE

“Matlab Offers Extensive Mathematical Tools”

5.0

Jan 14, 2026

Matlab is very powerful software for solving and graphing mathematic equations. Great use for linear programming and algorithmic equations. It presents data via the GUI graphing plots and matrixes

IT MANAGER

<50M USD, Services (non-Government)

CRITICAL

“Setup and Configuration Are Strong Points, But Pricing Trends Raise Concerns”

3.0

Jun 17, 2025

Great tool once installed and configured but very expensive for multiple license model and vendor always increasing prices, no discount for multi product purchase

About Company

Company Description

MathWorks is a software development company that primarily focuses on the creation of mathematical computing software. It provides crucial tools in the domain of technical computing, offering products like MATLAB, a programming environment used for algorithm development, data analysis, visualization and numeric computation. Simulink, another software offering, is used as a graphical platform for the simulation and Model-Based Design of dynamic and embedded systems spanning across multiple domains. Notably, these products are employed in various universities and learning institutions worldwide as teaching and research tools, aiding in the fostering of discovery, innovation, and informed development in their respective fields. The company, established in 1984, operates in 16 countries and has its headquarters in Natick, Massachusetts, USA.

Company Details

Company type

Private

Year Founded

1984

Head office location

Natick, United States

Number of employees

5001 - 10000

Website

http://mathworks.com

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Key Insights

A Snapshot of What Matters - Based on Validated User Reviews

Reviewer Insights for: MATLAB

Deciding Factors: MATLAB Vs. Market Average

Performance of MATLAB Across Market Features

MATLAB Likes & Dislikes

very specialized software for Math which includes many features to solve different types of problems. The software is useful for students and professionals alike.

Great for creating calculations and formulas for engineering workspace

It is easy to use and supports statistical analysis and data visualization.

not open source

Vendor never offers discounts and yearly subscription always increases in cost to run and maintain

Nothing

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Peer Discussions

MATLAB Reviews and Ratings

Recommended Gartner Insights

1B-10B USD

Banking

Review Source

Matlab Offers Extensive Mathematical Tools

Surveyor

50M-1B USD

Construction

MATLAB Offers a Strong Numerical, Matrix Operations and Visualization Features

Jan 12, 2026

MATLAB is useful for numerical, modeling and predictive analysis. It offers a math library with strong matrix operations. We use it for physical system modeling and system control. With machine language knowledge, it's easy to use and navigate.

RESEARCH AND DEVELOPMENT ASSOCIATE

<50M USD

Healthcare and Biotech

Comprehensive Analysis Features Present, High Licensing Costs May Limit Accessibility

Jan 24, 2026

Powerful for analysis and flexible, but licensing is costly.

Architect

Consumer Goods

Extensive Toolsuite Offers Versatility But Demands Powerful Hardware and Investment

4.0

Jul 16, 2025

Heavy horse, heavy software but with lots of toolboxes to develop everything

IT Manager

Services (non-Government)

MATLAB Supports Radar Processing Well But Faces Licensing and Outage Concerns

Jun 26, 2025

MATLAB is currently heavily used in our org for radar signal processing and performing great