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h.264/AVC is an industry standard for video compression. The h.264 standard is also known as MPEG-4 Part 10 and is a successor to earlier standards such as MPEG-2 and MPEG-4. It’s an ITU standard for compressing video based on MPEG-4 and is very popular, especially for high-definition video.
AVC stands for Advanced Video Coding. Actually it’s identical to h.264 so you can find it as h.264, h.264/AVC, h.264/MPEG-4 AVC or MPEG-4 Part 10 (it can be twice as efficient as MPEG-4 Part 2 and MPEG-2).