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What is image compression and what are the types of compression formats used?

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What is image compression and what are the types of compression formats used?

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CCTV DVR converts analog images to digital and save them in hard disk. Image compression plays an important role of improving transmission as well as reducing storage size. There are various formats of image compression in the market. Among which, JPEG and MPEG format of compression are the most widely used formats in the market currently. The major difference between JPEG and MPEG is in compression techniques. JPEG processes images by compressing one by one still pictures but MJPEG compresses images sequence by sequence.

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