JPEG (Joint Photographic Experts Group): A commonly used method of lossy compression for digital images, particularly for those images produced by digital photography.
TIFF (Tagged Image File Format): A computer file format for storing raster graphics images, popular among graphic artists, the publishing industry, and photographers.
RAW: A file that contains data that have not been compressed, encrypted or processed in any manner.
DNG (Digital Negative Format): DNG files are truly digital negatives captured by digital camera sensors.
PNG (Portable Network Graphics): PNG files are commonly used to store web graphics, digital photographs, and images with transparent backgrounds.
GIF (Graphics Interchange Format): GIFs are a common format for web graphics, especially small images and images that contain text, such as navigation buttons.
BMP (Bitmap Image File): Short for Bitmap, a BMP file contains uncompressed image data. It supports both monochrome and color data, making this file format an ideal way to store digital photos.
PSD (Photoshop Document): PSD stands for Photoshop Document, which is an image format that supports layers of graphics in a single file. It is mostly used for working with layers of graphics and saving the projects that can extend up to 2 gigabytes in file size.