WinCDEmu - WinCDEmu is an open-source CD/DVD/BD emulator.
Bandizip - Bandizip : All-In-One Free Zip Archiver. Bandizip is a lightweight, fast and free All-In-One Zip Archiver.
DAEMON Tools - The most personal application for disc imaging yet.
Virtual CloneDrive - Virtual CloneDrive works and behaves just like a physical CD/DVD/Blu-ray drive, although it only exists virtually.
The Unarchiver - Get the top application for archives on Mac. It's a RAR extractor, it allows you to unzip files, and works with dozens of other formats.
UltraISO - CD image files are easily created with UltraISO.