Abstract
With the rapid increasing demand of digital networks, people are likely to demand more and more accurate images which can be efficiently achieved using image compression. In image compression the irrelevant data is removed from the image keeping in mind that the data is stored in an adequate form. By doing this the data from the original image is sometimes is lost. Based on this, in the review paper the needs, its principle and various file formats of image compression are discussed. The paper also focuses on algorithms of image compression.
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