The MP3 player was launched in the year 1990, which is related to as a high quality digital file format for storage of songs. MPEG-1 Audio Layer 3, most commonly referred to as MP3, is a popular digital audio encoding and lossy compressed format, designed to greatly to reduce the amount of data required to represent audio, yet still sound like a faithful reproduction of the original uncompressed audio to most listeners. MP3 is an audio-specific format that was designed by the Moving Picture Experts Group as part of its MPEG-1 standard. The group was formed by several teams of engineers at Fraunhofer IIS, AT&T-Bell Labs, Thomson-Brandt, CCETT, and others. It was approved as an ISO/IEC standard in 1991. It makes any music file smaller with little or no loss of sound quality. Mp3 Compression scheme is used to transfer audio files via the Internet and store in portable players and digital audio servers, and MP3 is a format for storing and transmitting sound.