MATLAB: Are Matlab Compiler and Matlab Runtime the same

MATLAB Compiler

I want to turn my GUI program into a standalone .exe file. So I can provide it to my end users who have no any Matlab products in their computers.
I know that I need compiler to realise it. When I checked matlab website, I found another thing named Mmatlab Rruntime. The website said that Matlab Runtime is a shared library. Does it mean that I should install both Matlab Compiler and Matlab Runtime in my computer, then I can change my GUI program into .exe file? Another thing that I want to know is users' computers also need install Matlab Runtime software if they run .exe file in their computers.
By the way, I have no compilers installed in my compiler such as visual c/c++ and Microsoft Software Development Kit (SDK). Should I need these softwares when runing Matlab compiler.
Can anyone provide a list which explains which softwares are needed in my computer and which softwares are needed in end users' computers?
Thank you

Best Answer

The person who owns MATLAB (you), creates a program and deploys an executable file with MATLAB Compiler.
The person who does not own MATLAB uses MATLAB Runtime to run that executable.