The camera you have is capable of three (3) different encoding formats
- MJPEG:
When MJPEG is selected you are limited to a single stream; this is by far not the most efficient method of encoding and is used for some broadcast situations.
- H.264
I would call this the current standard of efficiency and compatibility in encoding formats
- H.265
This is brand new and is currently not supported by many systems however it is substantially more efficient than H.264 (Close to a 50% reduction in bandwidth)