The HSV Color Space is a way to represent colors using three components: Hue, Saturation, and Value. Hue indicates the color type, such as red or blue, measured in degrees from 0 to 360. Saturation describes the intensity of the color, while Value represents the brightness. This model is often used in graphic design and image processing because it aligns more closely with human perception of colors. Unlike the RGB Color Space, which combines red, green, and blue light, the HSV Color Space allows for easier manipulation of colors. For example, adjusting the Saturation can make a color more vivid or muted, while changing the Value can lighten or darken it. This makes it a popular choice for artists and designers.