MATLAB (matrix laboratory) is a multi-paradigm numerical computing environment and fourth-generation programming language. Developed by The MathWorks
License: Commercial
Matplotlib is an open-source Python library focused on flexibility and integration within the Python ecosystem, making it ideal for custom visualizations. In contrast, MATLAB is a commercial software with a user-friendly interface and robust toolboxes, catering to users who prefer a more guided approach to data analysis and visualization.