MPEG is a digital multimedia format commonly used for video and audio compression. It supports both video and audio streams in a single file container, making it ideal for streaming and video playback. MPEG is widely used in video distribution and is supported by most media players and devices.
WAV is an audio file format developed by Microsoft and IBM, primarily used for storing high-quality uncompressed audio files. It offers excellent sound quality, making it ideal for professional audio editing and recording. While WAV files can be large in size, they preserve every detail of the original recording.