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Anaconda Business vs MathWorks Matlab comparison

 

Comparison Buyer's Guide

Executive SummaryUpdated on Jul 27, 2025

Review summaries and opinions

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Categories and Ranking

Anaconda Business
Ranking in Data Science Platforms
11th
Average Rating
8.2
Reviews Sentiment
7.0
Number of Reviews
20
Ranking in other categories
No ranking in other categories
MathWorks Matlab
Ranking in Data Science Platforms
15th
Average Rating
8.8
Reviews Sentiment
5.5
Number of Reviews
5
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of October 2025, in the Data Science Platforms category, the mindshare of Anaconda Business is 2.4%, up from 2.1% compared to the previous year. The mindshare of MathWorks Matlab is 1.1%, up from 0.5% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Data Science Platforms Market Share Distribution
ProductMarket Share (%)
Anaconda Business2.4%
MathWorks Matlab1.1%
Other96.5%
Data Science Platforms
 

Featured Reviews

Rohan Sharma - PeerSpot reviewer
Provides all the frameworks and makes it easy to create environments for multiple projects
The best thing is that it provides all the frameworks and makes it easy to create environments for multiple projects using Anaconda. It is easy for a beginner to learn to use Anaconda. Comparatively, it is easier than using virtual environments or other environments because of the Conda environment. However, there are many things in Anaconda that people need to be aware of, so it can be challenging.
Ioannis Kalathas - PeerSpot reviewer
Creating digital twins significantly reduces time for marine engine diagnostics
MathWorks Matlab has numerous libraries, making it challenging to have a holistic understanding of all of them. I can only speak about the libraries I have used. Additional GUIs and add-ons for MathWorks Matlab would help, especially for users who are not familiar with the software. The cost is a significant concern. While university pricing is reasonable, a cheaper version with fewer libraries would be beneficial. In Greece, we struggle to purchase licenses, and we also use Ansys. There are technical differences in simulation, but the price of MathWorks Matlab is too high for a Greek mechanic to use it. A license with fewer features would be more appropriate.

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"The best part of Anaconda is the media distribution that comes as part of it. It gets us started very quickly."
"The notebook feature is an improvement over RStudio."
"The tool's most valuable feature is its cloud-based nature, allowing accessibility from anywhere. Additionally, using Jupyter Notebook makes it easy to handle bugs and errors."
"The most valuable feature is the set of libraries that are used to support the functionality that we require."
"The most advantageous feature is the logic building."
"The virtual environment is very good."
"Anaconda Business has positively impacted my organization because, when discussing the security point of view, it's exceptional; when comparing it to other solutions, Anaconda Business is superior."
"Anaconda is an open-source platform that can integrate numerous other kits and models in one place."
"What I appreciate about MathWorks Matlab is that it is the most versatile program system I know; there are so many toolboxes which I don't need, as I mostly work with statistics, but it's amazing how many functions there are."
"Personally for me, because I do a lot of development, I like that it is easy to test mathematical algorithms with several matrix calculations. It's perfect for that."
"The platform's most valuable feature is its field-specific packages, which make it very easy to use."
"The tool's most valuable feature is the Simulink environment. This feature provides an incredible capability to visually represent the system behavior before creating the code. It allows you to see the flow and interactions of the system, which is extremely beneficial for software development. With this visual representation, you can better understand the system's behavior, make necessary adjustments, and ensure maintenance and updates. This capability is why I love working with the product."
 

Cons

"When you install Anaconda for the first time, it's really difficult to update it."
"Anaconda can't handle heavy workloads."
"It crashes once in a while. In case of a reboot or something unexpected, the unseen code part will get diminished, and it relatively takes longer than other applications when a reboot is happening. They can improve in these areas. They can also bring some database software. They have software for analytics and virtualization. However, they don't have any software for the database."
"One feature that I would like to see is being able to use a different language in a different cell, which would allow me to mix R and Python together."
"The process could be streamlined as the number of actions needed to deploy is quite large compared to other tools."
"My suggestion for improvement is that they should enhance the security point of view; it's good, but it needs some more advanced features."
"I think better documentation or a step-by-step guide for installation would help, especially for on-premise users."
"The solution would benefit from offering more automation."
"In the area of improvement, sometimes there are issues with the speed of MathWorks Matlab, particularly in the Simulink environment. The tool's latest versions can be slow to open, taking significant time to load. Additionally, saving data and integrating models can also be time-consuming processes."
"It is not out-of-the-box of course, and you have to program everything yourself."
"To make use of the GPU, you have to have an Nvidia card. What I would want it to do is to run in Next Generation with Intel or AMD, and not just with Nvidia."
"One area where the product could improve is in the ease of learning."
 

Pricing and Cost Advice

"The tool is open-source."
"My company uses the free version of the tool. There is also a paid version of the tool available."
"Anaconda is free to use, but in terms of hardware costs, you might need heavy GPUs to run CUDA and other demanding tasks."
"The licensing costs for Anaconda are reasonable."
"The product is open-source and free to use."
"We have a single user license. Support and add-ons are an extra fee."
"The pricing for the software itself is reasonable, and I didn't encounter any additional costs beyond the initial purchase or license."
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Top Industries

By visitors reading reviews
Financial Services Firm
18%
Manufacturing Company
8%
University
8%
Computer Software Company
8%
Computer Software Company
10%
Comms Service Provider
8%
Financial Services Firm
7%
Educational Organization
7%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
By reviewers
Company SizeCount
Small Business11
Midsize Enterprise2
Large Enterprise11
By reviewers
Company SizeCount
Small Business2
Midsize Enterprise1
Large Enterprise4
 

Questions from the Community

What do you like most about Anaconda?
The tool's most valuable feature is its cloud-based nature, allowing accessibility from anywhere. Additionally, using Jupyter Notebook makes it easy to handle bugs and errors.
What is your experience regarding pricing and costs for Anaconda?
My experience with pricing, setup cost, and licensing is satisfactory.
What needs improvement with Anaconda?
I think Anaconda Business is performing well overall. My suggestion for improvement is that they should enhance the security point of view; it's good, but it needs some more advanced features.
What do you like most about MathWorks Matlab?
The tool's most valuable feature is the Simulink environment. This feature provides an incredible capability to visually represent the system behavior before creating the code. It allows you to see...
What is your experience regarding pricing and costs for MathWorks Matlab?
Regarding the pricing part and licensing cost for MathWorks Matlab, it is not cheap, but it depends on the functions you need. You don't need all of them; you may just require a few and then it's r...
What needs improvement with MathWorks Matlab?
The application is pretty good, and I don't really complain. For my purposes, MathWorks Matlab is perfect because it's very versatile; it is not out-of-the-box of course, and you have to program ev...
 

Overview

Information not available
 

Sample Customers

LinkedIn, NASA, Boeing, JP Morgan, Recursion Pharmaceuticals, DARPA, Microsoft, Amazon, HP, Cisco, Thomson Reuters, IBM, Bridgestone
Information Not Available
Find out what your peers are saying about Anaconda Business vs. MathWorks Matlab and other solutions. Updated: September 2025.
872,029 professionals have used our research since 2012.