image compression makes the image smaller in order to fit a
desired size. you literally compress the image and make it smaller
in bit size.
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Any type of compression will ideally reduce the size of an image. There are two types of compression which describe how they affect images:
"Lossy" compression This type of compression reduces the size of the image by removing some data from it. This generally cause, effect the quality of the image, which mean it will reduce your image quality.
"Lossless" compression This type of compression reduces the size of the image by changing the way in which the data is stored. Therefore this type of compression will make no changes in your image.