The development of new technologies and communication networks creates new needs and stimulates the introduction of new functionalities. The current standards in the field of still image coding are inadequate for producing the best quality of performance. JPEG2000 is intended to provide subjective image quality performance superiorto other existing image compression standards and expected to become universal file format for digital images. This paper discusses the comparative study between still image compression standard (JPEG 2000) and moving image compression standard (MPEG) and also various reliable requirements of JPEG2000 applications. This paper is a literature survey on wavelet for efficient JPEG 2000 Algorithm. This paper also discussed about various methodologies of the JPEG 2000 applications especially for mobile and remote sensing.

Keywords: JPEG 2000, JPEG, MPEG, Fast Wavelet Transform, Quantizer, Encoder