Will MATLAB still survive for the future?

• I don't believe MATLAB is obsolete. A strong script interface for the pricey product "MATLAB," MATLAB can also be thought of as a programming language.
• MATLAB is not the best programming language; in my opinion, Python is far better. However, a lot of engineers use MATLAB, which may make some computer scientists upset.
• However, many engineers (of signal processing, mechanical/aero-space engineering, etc.) believe that MATLAB is simply a strong script interface for 'MATLAB' .It has numerous trustworthy (but not free) sets of algorithms covering different domains, as well as practical functions, such as automatic c-code and executable generation, powerful debugging and profiling tools, and a straightforward GUI development tool that aids in prototyping.
• Because a company employing engineers frequently has limited time but a respectable budget, it is crucial for engineers to have access to a comprehensive collection of reliable libraries for effective prototyping. Additionally, developing algorithms is neither simple nor simple. Numerous things could go wrong. 
• For instance, using an inappropriate sorting algorithm just damages the computation time but using a wrong control algorithm for motors leads to damages on your machines and/or facilities. Also, You can compare the number of MATLAB's optimization algorithms and that of numpy, Python . Numpy just has essentials in my point of view.
• I don't believe MATLAB offers advantages over Python in a given subject if there are professionals offering a broad selection of reputable open-source libraries. But I believe that depends on the mindset of the subject-matter specialists in a given field. 
• The differences between engineers and (computer) scientists are clearly apparent. 
• Scientists tend to share high quality coding results more than engineers. One issue is that, in many cases, the firm sponsoring the engineers owns the codes, not the engineers themselves.
•  Additionally, as a result of that, engineers are less concerned about MATLAB's cost as a business expense.
• (As you would have guessed, graduate students frequently write subpar MATLAB scripts that are released online, so do not have faith in them. They are attempting to become specialists but are not yet experts.)

The Matlab scripting language is used with Matlab programmes, and it makes use of the following mathematical ideas, including:

• Matrices and vectors.
• Functions.
• Education and OOP (Object-Oriented Programmes).
• Variables.
• Structures.
• Object handles

Matlab is set up for the following purposes and has a numeric computation environment:

1.Regulating System:

• Matlab provides control over a variety of systems and apparatus, where the control apparatus is in charge of issuing orders, supervising, and regulating the behaviour of the other systems or apparatus.
•  It is dependent on control loops. From home heaters to machinery used in major businesses, the systems or objects that are regulated span these two categories. 
• The control system in Matlab's toolbox includes programmes and techniques for creating and methodically analysing linear systems.

2.Wireless transmission:

• It is the most widely used phrase when two devices are connected wirelessly.
•  In the field of wireless engineering, Matlab is employed to shorten development times, expedite testing and verification processes, and get rid of design flaws.

3.Network of Things:

• The network of automobiles, gadgets, home appliances, and other embedded electronic devices is what allows the gadgets to communicate with one another. The usage of Matlab facilitates the structuring and development of numerous applications, including supervisory control, predictive maintenance, and operations optimization.

4.Mechatronics:

• This is an engineering study that combines mechanical and electronic components. Electrical, mechanical, control, and other embedded software must be integrated into this system. Matlab enables you to organise and simulate all of the subjects in one environment in this field.

5.Computational biology and financial modelling:

• The field of biological analysis data used to understand biological relationships and systems is known as computational biology. The study of financial data and modelling is known as computational finance. 
• Matlab is used in both experiments to resolve the differential equations describing biological phenomena. 
• Matlab allows users to create quantitative applications like investment management, risk management, and insurance in computational finance.

6.Embedded devices:

• It is a type of computer system that combines hardware and software elements to perform certain tasks. A printer, washing machine, car, industrial machine, and many more are just a few instances of embedded systems.

7.Analog to digital conversion:

• It performs several signal processing procedures for digital processing in the same way as a dedicated signal processor. Additionally, this technique offers a specific workflow for the development of streaming applications and embedded devices and is fairly simple to utilise with Matlab to determine the time series data.

8.Processing images:

• This is primarily focused on image processing to prepare images for various tasks like computer vision and other things. It also involves comprehending the visual results. Both computer visions and image processing rely heavily on algorithms. Matlab creates algorithms and analyses images using a wide-ranging environment.

9.Testing and Measuring:

• It is a technique whereby electronic equipment is put through a number of tests, commencing with physical ones that look for physical flaws. The numerous tools needed for task acquisition and automation are available in Matlab. When you gather any data, you can use the real-time visuals to examine it.

10.Analytics of Data:

• It is a technique for analysing the researched data in order to draw conclusions. It is possible with the aid of additional tools and software. Additionally, engineers and IT professionals create big data analytics systems employing Matlab programming.

Conclusion:

• Not at all, no... A lot of businesses use the matlab tool for their needs. This application is used by many educational institutions and students for image processing, neural network modelling, and system design since it facilitates concept exploration and improvement.
• Long term, it most surely has a very bright future. But MATLAB has never been a suitable option for a quick fix, which is what the majority of students are looking for. In contrast to other popular programming language jobs, starting salaries will never be too enticing.
• The field of image processing and computer vision also makes extensive use of MATLAB. This is great for people interested in working in sectors like computational finance, signal processing, and communications, among many others.