JCOM_V2_N4_A1 Ilam Parithi T. Amarnath M. Balasubramanian R. Journal on Computer Science 2347–6141 2 4 1 5 Lossy Compression, Lossless Compression Compression is one of the most important operations in computer applications. There are many compression techniques which are used to compress the image formats for their storage and transmission. Compression is done to reduce the amount of space required to store an image. There is need for a perfect image compression technique which will reduce the size of data for both sharing and storing. In this paper the authors discuss the survey of different compression algorithms for both lossless and lossy compression techniques. December 2014 - February 2015 Copyright © 2015 i-manager publications. All rights reserved. i-manager Publications http://www.imanagerpublications.com/Article.aspx?ArticleId=3327