MPEG Standards are a set of international standards for compressing and encoding audio and video data. Developed by the Moving Picture Experts Group, these standards help reduce file sizes while maintaining quality, making it easier to store and transmit multimedia content. Common formats include MPEG-1, MPEG-2, and MPEG-4, each designed for different applications, such as video streaming and digital broadcasting. These standards are widely used in various devices and platforms, including DVDs, Blu-ray discs, and online video services. By providing a consistent framework, MPEG Standards enable compatibility across different systems, ensuring that users can enjoy high-quality audio and video regardless of the device they use.