JPEG2000 is a standard for image compression method and file format. This is the successor of the well-known traditional JPEG format written by the ISO group Joint Photographic Experts Group. JPEG2000 is an image coding system that uses state-of-the-art compression techniques based on wavelet technology. Its architecture lends itself to a wide range of uses from portable digital cameras to advanced pre-press, medical imaging and other key sectors. Compared to JPEG, JPEG2000 offers higher compression without compromising quality, progressive image reconstruction, lossy and lossless compression, and the JP2 file format (.jp2) is XML based metadata.