JPEG 2000 (JP2) is an image coding system and state-of-the-art image compression standard. Designed, using wavelet technology JPEG 2000 can code lossless content in any quality at once. Moreover, without any substantial penalty in coding efficiency, JPEG 2000 have the capability to access and decode the same content efficaciously into a variety of other resolutions and qualities. The code streams in JPEG 2000 is significantly scalable having regions of interest that provide the facility for spatial random access. Possessing Up to 16384 diverse components with the dimensions in terapixels, and precision that can be high as 38 bits/sample.
A JPEG is a type of image format that is saved using the method of lossy compression. The output image, as result of compression, is a trade-off between storage size and image quality. Users can adjust the compression level to achieve the desired quality level while at the same time reduce the storage size. Image quality is negligibly affected if 10:1 compression is applied to the image. The higher the compression value, the higher the degradation in image quality.
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