Nowadays, computer technology is mostly concerned with storage capacity and performance. Compression of digital images has become a fundamental aspect of their transmission and storage. Due to storage and bandwidth constraints, it has become necessary to compress images before to transmission and storage. Not only can image compression techniques help to reduce storage space requirements, but they also aid increase transmission bandwidth. Color images are in trend these days during communication. Most of the researchers have worked only on grayscale images. This research proposes a hybrid approach that encompasses two cutting-edge picture compression algorithms: DCT & SVD. This research involves the advantages and strength of two cutting-edge picture compression algorithms that enable us to compress the color images without additional cost in computation, space and time. Here in this research, for experimental purposes, seam carving image dataset is used. The proposed method's performance is evaluated using the performance evaluation matrices, i.e., Size after Compression, MSE, PSNR, Normalized Co-relation (NC), Percentage Space-Saving, and Compression Ratio. The proposed method performance is also correlated with the two latest image compression techniques, i.e., DCT Block Truncation (DCTBT) and Discrete Cosine Transform - Vector Quantization (DCT-VQ). The findings show that the suggested hybrid color image compression approach is superior to existing compression according to different performance metrics
