I love imagemagick. I have modest image processing needs mostly converting files to different formats and compiling them into pdfs resizing and with different backgrounds which imagemagick does without a problem. Sometimes though, I have specific needs like autocropping so I search on the internet and find imagemagick does that too. Everytime I have a special need, imagemagick is there with a solution. It seems to have endless capabilities.
I have, however, also come across graphicsmagick and now libvips. One of the big criticisms of the first two seems to be huge numbers of dependencies while libvips seems a leaner piece of software (I have not used it). Imagemagick meets all my needs presently but I would be interested to hear what others might have to recommend.