Also there is a huge financial incentive for large web hosting companies (e.g. Google, Facebook) to adopt compression formats that save bandwidth, using automated tools to apply those wherever possible.
People making e.g. image archives or building image capture hardware are going to be slower. They don’t want to use new untested technologies that might not succeed, and they don’t want to switch more frequently than necessary. When they do transition it will be by applying new technologies to new images but not immediately transforming older images to use the new technology.