diff --git a/cmd/globals.go b/cmd/globals.go
index 76d96c8a3..5da16a471 100644
--- a/cmd/globals.go
+++ b/cmd/globals.go
@@ -251,18 +251,18 @@ var (
 	// configuration must be present.
 	globalAutoEncryption bool
 
-	// Is compression include extensions/content-types set.
+	// Is compression include extensions/content-types set?
 	globalIsEnvCompression bool
 
-	// Is compression enabeld.
+	// Is compression enabled?
 	globalIsCompressionEnabled = false
 
 	// Include-list for compression.
-	globalCompressExtensions = []string{".txt", ".log", ".csv", ".json"}
-	globalCompressMimeTypes  = []string{"text/csv", "text/plain", "application/json"}
+	globalCompressExtensions = []string{".txt", ".log", ".csv", ".json", ".tar", ".xml", ".bin"}
+	globalCompressMimeTypes  = []string{"text/*", "application/json", "application/xml"}
 
 	// Some standard object extensions which we strictly dis-allow for compression.
-	standardExcludeCompressExtensions = []string{".gz", ".bz2", ".rar", ".zip", ".7z"}
+	standardExcludeCompressExtensions = []string{".gz", ".bz2", ".rar", ".zip", ".7z", ".xz", ".mp4", ".mkv", ".mov"}
 
 	// Some standard content-types which we strictly dis-allow for compression.
 	standardExcludeCompressContentTypes = []string{"video/*", "audio/*", "application/zip", "application/x-gzip", "application/x-zip-compressed", " application/x-compress", "application/x-spoon"}
diff --git a/cmd/notification.go b/cmd/notification.go
index 04f388157..5eecbe3a4 100644
--- a/cmd/notification.go
+++ b/cmd/notification.go
@@ -17,7 +17,6 @@
 package cmd
 
 import (
-	"archive/zip"
 	"bytes"
 	"context"
 	"encoding/json"
@@ -31,6 +30,7 @@ import (
 	"sync"
 	"time"
 
+	"github.com/klauspost/compress/zip"
 	"github.com/minio/minio/cmd/crypto"
 	"github.com/minio/minio/cmd/logger"
 	"github.com/minio/minio/pkg/event"
diff --git a/cmd/object-api-utils.go b/cmd/object-api-utils.go
index 96d616fb2..2e88cfea6 100644
--- a/cmd/object-api-utils.go
+++ b/cmd/object-api-utils.go
@@ -33,7 +33,8 @@ import (
 	"time"
 	"unicode/utf8"
 
-	snappy "github.com/golang/snappy"
+	"github.com/klauspost/compress/s2"
+	"github.com/klauspost/readahead"
 	"github.com/minio/minio-go/v6/pkg/s3utils"
 	"github.com/minio/minio/cmd/crypto"
 	xhttp "github.com/minio/minio/cmd/http"
@@ -56,6 +57,12 @@ const (
 	minioMetaTmpBucket = minioMetaBucket + "/tmp"
 	// DNS separator (period), used for bucket name validation.
 	dnsDelimiter = "."
+	// On compressed files bigger than this;
+	compReadAheadSize = 100 << 20
+	// Read this many buffers ahead.
+	compReadAheadBuffers = 5
+	// Size of each buffer.
+	compReadAheadBufSize = 1 << 20
 )
 
 // isMinioBucket returns true if given bucket is a MinIO internal
@@ -337,6 +344,22 @@ func (o ObjectInfo) IsCompressed() bool {
 	return ok
 }
 
+// IsCompressedOK returns whether the object is compressed and can be decompressed.
+func (o ObjectInfo) IsCompressedOK() (bool, error) {
+	scheme, ok := o.UserDefined[ReservedMetadataPrefix+"compression"]
+	if !ok {
+		return false, nil
+	}
+	if crypto.IsEncrypted(o.UserDefined) {
+		return true, fmt.Errorf("compression %q and encryption enabled on same object", scheme)
+	}
+	switch scheme {
+	case compressionAlgorithmV1, compressionAlgorithmV2:
+		return true, nil
+	}
+	return true, fmt.Errorf("unknown compression scheme: %s", scheme)
+}
+
 // GetActualSize - read the decompressed size from the meta json.
 func (o ObjectInfo) GetActualSize() int64 {
 	metadata := o.UserDefined
@@ -364,29 +387,34 @@ func isCompressible(header http.Header, object string) bool {
 func excludeForCompression(header http.Header, object string) bool {
 	objStr := object
 	contentType := header.Get(xhttp.ContentType)
-	if globalIsCompressionEnabled {
-		// We strictly disable compression for standard extensions/content-types (`compressed`).
-		if hasStringSuffixInSlice(objStr, standardExcludeCompressExtensions) || hasPattern(standardExcludeCompressContentTypes, contentType) {
-			return true
-		}
-		// Filter compression includes.
-		if len(globalCompressExtensions) > 0 || len(globalCompressMimeTypes) > 0 {
-			extensions := globalCompressExtensions
-			mimeTypes := globalCompressMimeTypes
-			if hasStringSuffixInSlice(objStr, extensions) || hasPattern(mimeTypes, contentType) {
-				return false
-			}
-			return true
-		}
+	if !globalIsCompressionEnabled {
+		return true
+	}
+
+	// We strictly disable compression for standard extensions/content-types (`compressed`).
+	if hasStringSuffixInSlice(objStr, standardExcludeCompressExtensions) || hasPattern(standardExcludeCompressContentTypes, contentType) {
+		return true
+	}
+
+	// Filter compression includes.
+	if len(globalCompressExtensions) == 0 || len(globalCompressMimeTypes) == 0 {
+		return false
+	}
+
+	extensions := globalCompressExtensions
+	mimeTypes := globalCompressMimeTypes
+	if hasStringSuffixInSlice(objStr, extensions) || hasPattern(mimeTypes, contentType) {
 		return false
 	}
 	return true
 }
 
 // Utility which returns if a string is present in the list.
+// Comparison is case insensitive.
 func hasStringSuffixInSlice(str string, list []string) bool {
+	str = strings.ToLower(str)
 	for _, v := range list {
-		if strings.HasSuffix(str, v) {
+		if strings.HasSuffix(str, strings.ToLower(v)) {
 			return true
 		}
 	}
@@ -413,7 +441,7 @@ func getPartFile(entries []string, partNumber int, etag string) string {
 	return ""
 }
 
-// Returs the compressed offset which should be skipped.
+// Returns the compressed offset which should be skipped.
 func getCompressedOffsets(objectInfo ObjectInfo, offset int64) (int64, int64) {
 	var compressedOffset int64
 	var skipLength int64
@@ -494,7 +522,10 @@ func NewGetObjectReader(rs *HTTPRangeSpec, oi ObjectInfo, pcfn CheckCopyPrecondi
 	}()
 
 	isEncrypted := crypto.IsEncrypted(oi.UserDefined)
-	isCompressed := oi.IsCompressed()
+	isCompressed, err := oi.IsCompressedOK()
+	if err != nil {
+		return nil, 0, 0, err
+	}
 	var skipLen int64
 	// Calculate range to read (different for
 	// e.g. encrypted/compressed objects)
@@ -575,7 +606,7 @@ func NewGetObjectReader(rs *HTTPRangeSpec, oi ObjectInfo, pcfn CheckCopyPrecondi
 			if err != nil {
 				return nil, 0, 0, err
 			}
-			// Incase of range based queries on multiparts, the offset and length are reduced.
+			// In case of range based queries on multiparts, the offset and length are reduced.
 			off, decOff = getCompressedOffsets(oi, off)
 			decLength = length
 			length = oi.Size - off
@@ -602,10 +633,23 @@ func NewGetObjectReader(rs *HTTPRangeSpec, oi ObjectInfo, pcfn CheckCopyPrecondi
 				}
 			}
 			// Decompression reader.
-			snappyReader := snappy.NewReader(inputReader)
-			// Apply the skipLen and limit on the
-			// decompressed stream
-			decReader := io.LimitReader(ioutil.NewSkipReader(snappyReader, decOff), decLength)
+			s2Reader := s2.NewReader(inputReader)
+			// Apply the skipLen and limit on the decompressed stream.
+			err = s2Reader.Skip(decOff)
+			if err != nil {
+				return nil, err
+			}
+
+			decReader := io.LimitReader(s2Reader, decLength)
+			if decLength > compReadAheadSize {
+				rah, err := readahead.NewReaderSize(decReader, compReadAheadBuffers, compReadAheadBufSize)
+				if err == nil {
+					decReader = rah
+					cFns = append(cFns, func() {
+						rah.Close()
+					})
+				}
+			}
 			oi.Size = decLength
 
 			// Assemble the GetObjectReader
@@ -760,55 +804,29 @@ func CleanMinioInternalMetadataKeys(metadata map[string]string) map[string]strin
 	return newMeta
 }
 
-// snappyCompressReader compresses data as it reads
-// from the underlying io.Reader.
-type snappyCompressReader struct {
-	r      io.Reader
-	w      *snappy.Writer
-	closed bool
-	buf    bytes.Buffer
-}
-
-func newSnappyCompressReader(r io.Reader) *snappyCompressReader {
-	cr := &snappyCompressReader{r: r}
-	cr.w = snappy.NewBufferedWriter(&cr.buf)
-	return cr
-}
-
-func (cr *snappyCompressReader) Read(p []byte) (int, error) {
-	if cr.closed {
-		// if snappy writer is closed r has been completely read,
-		// return any remaining data in buf.
-		return cr.buf.Read(p)
-	}
-
-	// read from original using p as buffer
-	nr, readErr := cr.r.Read(p)
-
-	// write read bytes to snappy writer
-	nw, err := cr.w.Write(p[:nr])
-	if err != nil {
-		return 0, err
-	}
-	if nw != nr {
-		return 0, io.ErrShortWrite
-	}
-
-	// if last of data from reader, close snappy writer to flush
-	if readErr == io.EOF {
-		err := cr.w.Close()
-		cr.closed = true
+// newS2CompressReader will read data from r, compress it and return the compressed data as a Reader.
+// Use Close to ensure resources are released on incomplete streams.
+func newS2CompressReader(r io.Reader) io.ReadCloser {
+	pr, pw := io.Pipe()
+	comp := s2.NewWriter(pw)
+	// Copy input to compressor
+	go func() {
+		_, err := io.Copy(comp, r)
 		if err != nil {
-			return 0, err
+			comp.Close()
+			pw.CloseWithError(err)
+			return
 		}
-	}
-
-	// read compressed bytes out of buf
-	n, err := cr.buf.Read(p)
-	if readErr != io.EOF && (err == nil || err == io.EOF) {
-		err = readErr
-	}
-	return n, err
+		// Close the stream.
+		err = comp.Close()
+		if err != nil {
+			pw.CloseWithError(err)
+			return
+		}
+		// Everything ok, do regular close.
+		pw.Close()
+	}()
+	return pr
 }
 
 // Returns error if the cancelCh has been closed (indicating that S3 client has disconnected)
diff --git a/cmd/object-api-utils_test.go b/cmd/object-api-utils_test.go
index b9a9f5a3c..d781f0ae2 100644
--- a/cmd/object-api-utils_test.go
+++ b/cmd/object-api-utils_test.go
@@ -1,5 +1,5 @@
 /*
- * MinIO Cloud Storage, (C) 2016 MinIO, Inc.
+ * MinIO Cloud Storage, (C) 2016-2019 MinIO, Inc.
  *
  * Licensed under the Apache License, Version 2.0 (the "License");
  * you may not use this file except in compliance with the License.
@@ -21,9 +21,11 @@ import (
 	"io"
 	"net/http"
 	"reflect"
+	"strconv"
 	"testing"
 
-	"github.com/golang/snappy"
+	"github.com/klauspost/compress/s2"
+	"github.com/minio/minio/cmd/crypto"
 )
 
 // Tests validate bucket name.
@@ -298,10 +300,11 @@ func TestIsCompressed(t *testing.T) {
 	testCases := []struct {
 		objInfo ObjectInfo
 		result  bool
+		err     bool
 	}{
 		{
 			objInfo: ObjectInfo{
-				UserDefined: map[string]string{"X-Minio-Internal-compression": "golang/snappy/LZ77",
+				UserDefined: map[string]string{"X-Minio-Internal-compression": compressionAlgorithmV1,
 					"content-type": "application/octet-stream",
 					"etag":         "b3ff3ef3789147152fbfbc50efba4bfd-2"},
 			},
@@ -309,7 +312,35 @@ func TestIsCompressed(t *testing.T) {
 		},
 		{
 			objInfo: ObjectInfo{
-				UserDefined: map[string]string{"X-Minio-Internal-XYZ": "golang/snappy/LZ77",
+				UserDefined: map[string]string{"X-Minio-Internal-compression": compressionAlgorithmV2,
+					"content-type": "application/octet-stream",
+					"etag":         "b3ff3ef3789147152fbfbc50efba4bfd-2"},
+			},
+			result: true,
+		},
+		{
+			objInfo: ObjectInfo{
+				UserDefined: map[string]string{"X-Minio-Internal-compression": "unknown/compression/type",
+					"content-type": "application/octet-stream",
+					"etag":         "b3ff3ef3789147152fbfbc50efba4bfd-2"},
+			},
+			result: true,
+			err:    true,
+		},
+		{
+			objInfo: ObjectInfo{
+				UserDefined: map[string]string{"X-Minio-Internal-compression": compressionAlgorithmV2,
+					"content-type": "application/octet-stream",
+					"etag":         "b3ff3ef3789147152fbfbc50efba4bfd-2",
+					crypto.SSEIV:   "yes",
+				},
+			},
+			result: true,
+			err:    true,
+		},
+		{
+			objInfo: ObjectInfo{
+				UserDefined: map[string]string{"X-Minio-Internal-XYZ": "klauspost/compress/s2",
 					"content-type": "application/octet-stream",
 					"etag":         "b3ff3ef3789147152fbfbc50efba4bfd-2"},
 			},
@@ -324,11 +355,21 @@ func TestIsCompressed(t *testing.T) {
 		},
 	}
 	for i, test := range testCases {
-		got := test.objInfo.IsCompressed()
-		if got != test.result {
-			t.Errorf("Test %d - expected %v but received %v",
-				i+1, test.result, got)
-		}
+		t.Run(strconv.Itoa(i), func(t *testing.T) {
+			got := test.objInfo.IsCompressed()
+			if got != test.result {
+				t.Errorf("IsCompressed: Expected %v but received %v",
+					test.result, got)
+			}
+			got, gErr := test.objInfo.IsCompressedOK()
+			if got != test.result {
+				t.Errorf("IsCompressedOK: Expected %v but received %v",
+					test.result, got)
+			}
+			if gErr != nil != test.err {
+				t.Errorf("IsCompressedOK: want error: %t, got error: %v", test.err, gErr)
+			}
+		})
 	}
 }
 
@@ -367,6 +408,13 @@ func TestExcludeForCompression(t *testing.T) {
 			},
 			result: false,
 		},
+		{
+			object: "object",
+			header: http.Header{
+				"Content-Type": []string{"text/something"},
+			},
+			result: false,
+		},
 	}
 	for i, test := range testCases {
 		globalIsCompressionEnabled = true
@@ -422,7 +470,7 @@ func TestGetActualSize(t *testing.T) {
 	}{
 		{
 			objInfo: ObjectInfo{
-				UserDefined: map[string]string{"X-Minio-Internal-compression": "golang/snappy/LZ77",
+				UserDefined: map[string]string{"X-Minio-Internal-compression": "klauspost/compress/s2",
 					"X-Minio-Internal-actual-size": "100000001",
 					"content-type":                 "application/octet-stream",
 					"etag":                         "b3ff3ef3789147152fbfbc50efba4bfd-2"},
@@ -441,7 +489,7 @@ func TestGetActualSize(t *testing.T) {
 		},
 		{
 			objInfo: ObjectInfo{
-				UserDefined: map[string]string{"X-Minio-Internal-compression": "golang/snappy/LZ77",
+				UserDefined: map[string]string{"X-Minio-Internal-compression": "klauspost/compress/s2",
 					"X-Minio-Internal-actual-size": "841",
 					"content-type":                 "application/octet-stream",
 					"etag":                         "b3ff3ef3789147152fbfbc50efba4bfd-2"},
@@ -451,7 +499,7 @@ func TestGetActualSize(t *testing.T) {
 		},
 		{
 			objInfo: ObjectInfo{
-				UserDefined: map[string]string{"X-Minio-Internal-compression": "golang/snappy/LZ77",
+				UserDefined: map[string]string{"X-Minio-Internal-compression": "klauspost/compress/s2",
 					"content-type": "application/octet-stream",
 					"etag":         "b3ff3ef3789147152fbfbc50efba4bfd-2"},
 				Parts: []ObjectPartInfo{},
@@ -540,7 +588,7 @@ func TestGetCompressedOffsets(t *testing.T) {
 	}
 }
 
-func TestSnappyCompressReader(t *testing.T) {
+func TestS2CompressReader(t *testing.T) {
 	tests := []struct {
 		name string
 		data []byte
@@ -554,7 +602,8 @@ func TestSnappyCompressReader(t *testing.T) {
 		t.Run(tt.name, func(t *testing.T) {
 			buf := make([]byte, 100) // make small buffer to ensure multiple reads are required for large case
 
-			r := newSnappyCompressReader(bytes.NewReader(tt.data))
+			r := newS2CompressReader(bytes.NewReader(tt.data))
+			defer r.Close()
 
 			var rdrBuf bytes.Buffer
 			_, err := io.CopyBuffer(&rdrBuf, r, buf)
@@ -563,7 +612,7 @@ func TestSnappyCompressReader(t *testing.T) {
 			}
 
 			var stdBuf bytes.Buffer
-			w := snappy.NewBufferedWriter(&stdBuf)
+			w := s2.NewWriter(&stdBuf)
 			_, err = io.CopyBuffer(w, bytes.NewReader(tt.data), buf)
 			if err != nil {
 				t.Fatal(err)
@@ -582,7 +631,7 @@ func TestSnappyCompressReader(t *testing.T) {
 			}
 
 			var decBuf bytes.Buffer
-			decRdr := snappy.NewReader(&rdrBuf)
+			decRdr := s2.NewReader(&rdrBuf)
 			_, err = io.Copy(&decBuf, decRdr)
 			if err != nil {
 				t.Fatal(err)
diff --git a/cmd/object-handlers.go b/cmd/object-handlers.go
index ede57371b..d5b781e7b 100644
--- a/cmd/object-handlers.go
+++ b/cmd/object-handlers.go
@@ -61,6 +61,7 @@ var supportedHeadGetReqParams = map[string]string{
 
 const (
 	compressionAlgorithmV1 = "golang/snappy/LZ77"
+	compressionAlgorithmV2 = "klauspost/compress/s2"
 )
 
 // setHeadGetRespHeaders - set any requested parameters as response headers.
@@ -800,13 +801,15 @@ func (api objectAPIHandlers) CopyObjectHandler(w http.ResponseWriter, r *http.Re
 	if isCompressed {
 		compressMetadata = make(map[string]string, 2)
 		// Preserving the compression metadata.
-		compressMetadata[ReservedMetadataPrefix+"compression"] = compressionAlgorithmV1
+		compressMetadata[ReservedMetadataPrefix+"compression"] = compressionAlgorithmV2
 		compressMetadata[ReservedMetadataPrefix+"actual-size"] = strconv.FormatInt(actualSize, 10)
 		// Remove all source encrypted related metadata to
 		// avoid copying them in target object.
 		crypto.RemoveInternalEntries(srcInfo.UserDefined)
 
-		reader = newSnappyCompressReader(gr)
+		s2c := newS2CompressReader(gr)
+		defer s2c.Close()
+		reader = s2c
 		length = -1
 	} else {
 		// Remove the metadata for remote calls.
@@ -1175,7 +1178,7 @@ func (api objectAPIHandlers) PutObjectHandler(w http.ResponseWriter, r *http.Req
 
 	if objectAPI.IsCompressionSupported() && isCompressible(r.Header, object) && size > 0 {
 		// Storing the compression metadata.
-		metadata[ReservedMetadataPrefix+"compression"] = compressionAlgorithmV1
+		metadata[ReservedMetadataPrefix+"compression"] = compressionAlgorithmV2
 		metadata[ReservedMetadataPrefix+"actual-size"] = strconv.FormatInt(size, 10)
 
 		actualReader, err := hash.NewReader(reader, size, md5hex, sha256hex, actualSize, globalCLIContext.StrictS3Compat)
@@ -1185,7 +1188,9 @@ func (api objectAPIHandlers) PutObjectHandler(w http.ResponseWriter, r *http.Req
 		}
 
 		// Set compression metrics.
-		reader = newSnappyCompressReader(actualReader)
+		s2c := newS2CompressReader(actualReader)
+		defer s2c.Close()
+		reader = s2c
 		size = -1   // Since compressed size is un-predictable.
 		md5hex = "" // Do not try to verify the content.
 		sha256hex = ""
@@ -1389,7 +1394,7 @@ func (api objectAPIHandlers) NewMultipartUploadHandler(w http.ResponseWriter, r
 
 	if objectAPI.IsCompressionSupported() && isCompressible(r.Header, object) {
 		// Storing the compression metadata.
-		metadata[ReservedMetadataPrefix+"compression"] = compressionAlgorithmV1
+		metadata[ReservedMetadataPrefix+"compression"] = compressionAlgorithmV2
 	}
 
 	opts, err = putOpts(ctx, r, bucket, object, metadata)
@@ -1632,7 +1637,9 @@ func (api objectAPIHandlers) CopyObjectPartHandler(w http.ResponseWriter, r *htt
 	isCompressed := compressPart
 	// Compress only if the compression is enabled during initial multipart.
 	if isCompressed {
-		reader = newSnappyCompressReader(gr)
+		s2c := newS2CompressReader(gr)
+		defer s2c.Close()
+		reader = s2c
 		length = -1
 	} else {
 		reader = gr
@@ -1872,7 +1879,9 @@ func (api objectAPIHandlers) PutObjectPartHandler(w http.ResponseWriter, r *http
 		}
 
 		// Set compression metrics.
-		reader = newSnappyCompressReader(actualReader)
+		s2c := newS2CompressReader(actualReader)
+		defer s2c.Close()
+		reader = s2c
 		size = -1   // Since compressed size is un-predictable.
 		md5hex = "" // Do not try to verify the content.
 		sha256hex = ""
diff --git a/cmd/posix-list-dir_test.go b/cmd/posix-list-dir_test.go
index 8cc711ce6..93e2f664a 100644
--- a/cmd/posix-list-dir_test.go
+++ b/cmd/posix-list-dir_test.go
@@ -129,6 +129,10 @@ func setupTestReadDirGeneric(t *testing.T) (testResults []result) {
 
 // Test to read non-empty directory with symlinks.
 func setupTestReadDirSymlink(t *testing.T) (testResults []result) {
+	if runtime.GOOS != "Windows" {
+		t.Log("symlinks not available on windows")
+		return nil
+	}
 	dir := mustSetupDir(t)
 	entries := []string{}
 	for i := 0; i < 10; i++ {
diff --git a/cmd/storage-rest-client.go b/cmd/storage-rest-client.go
index 99a4b5d1a..c7bf92671 100644
--- a/cmd/storage-rest-client.go
+++ b/cmd/storage-rest-client.go
@@ -20,16 +20,14 @@ import (
 	"bufio"
 	"bytes"
 	"crypto/tls"
+	"encoding/gob"
+	"encoding/hex"
+	"fmt"
 	"io"
 	"io/ioutil"
 	"net/url"
 	"path"
 	"strconv"
-
-	"encoding/gob"
-	"encoding/hex"
-
-	"fmt"
 	"strings"
 
 	"github.com/minio/minio/cmd/http"
diff --git a/cmd/storage-rest-server.go b/cmd/storage-rest-server.go
index 085d73fbe..924b82b5c 100644
--- a/cmd/storage-rest-server.go
+++ b/cmd/storage-rest-server.go
@@ -358,10 +358,12 @@ func (s *storageRESTServer) ReadFileStreamHandler(w http.ResponseWriter, r *http
 		return
 	}
 	defer rc.Close()
+
 	w.Header().Set(xhttp.ContentLength, strconv.Itoa(length))
 
 	io.Copy(w, rc)
 	w.(http.Flusher).Flush()
+
 }
 
 // readMetadata func provides the function types for reading leaf metadata.
diff --git a/cmd/web-handlers.go b/cmd/web-handlers.go
index 898d85b49..023e26a17 100644
--- a/cmd/web-handlers.go
+++ b/cmd/web-handlers.go
@@ -17,7 +17,6 @@
 package cmd
 
 import (
-	"archive/zip"
 	"context"
 	"encoding/json"
 	"fmt"
@@ -29,13 +28,12 @@ import (
 	"runtime"
 	"strconv"
 	"strings"
-	"sync"
 	"time"
 
-	humanize "github.com/dustin/go-humanize"
-	snappy "github.com/golang/snappy"
+	"github.com/dustin/go-humanize"
 	"github.com/gorilla/mux"
 	"github.com/gorilla/rpc/v2/json2"
+	"github.com/klauspost/compress/zip"
 	miniogopolicy "github.com/minio/minio-go/v6/pkg/policy"
 	"github.com/minio/minio-go/v6/pkg/s3utils"
 	"github.com/minio/minio-go/v6/pkg/set"
@@ -995,7 +993,7 @@ func (web *webAPIHandlers) Upload(w http.ResponseWriter, r *http.Request) {
 	}
 	if objectAPI.IsCompressionSupported() && isCompressible(r.Header, object) && size > 0 {
 		// Storing the compression metadata.
-		metadata[ReservedMetadataPrefix+"compression"] = compressionAlgorithmV1
+		metadata[ReservedMetadataPrefix+"compression"] = compressionAlgorithmV2
 		metadata[ReservedMetadataPrefix+"actual-size"] = strconv.FormatInt(size, 10)
 
 		actualReader, err := hash.NewReader(reader, size, "", "", actualSize, globalCLIContext.StrictS3Compat)
@@ -1006,7 +1004,9 @@ func (web *webAPIHandlers) Upload(w http.ResponseWriter, r *http.Request) {
 
 		// Set compression metrics.
 		size = -1 // Since compressed size is un-predictable.
-		reader = newSnappyCompressReader(actualReader)
+		s2c := newS2CompressReader(actualReader)
+		defer s2c.Close()
+		reader = s2c
 		hashReader, err = hash.NewReader(reader, size, "", "", actualSize, globalCLIContext.StrictS3Compat)
 		if err != nil {
 			writeWebErrorResponse(w, err)
@@ -1234,7 +1234,6 @@ func (web *webAPIHandlers) DownloadZip(w http.ResponseWriter, r *http.Request) {
 	ctx := newContext(r, w, "WebDownloadZip")
 	defer logger.AuditLog(w, r, "WebDownloadZip", mustGetClaimsFromToken(r))
 
-	var wg sync.WaitGroup
 	objectAPI := web.ObjectAPI()
 	if objectAPI == nil {
 		writeWebErrorResponse(w, errServerNotInitialized)
@@ -1306,7 +1305,6 @@ func (web *webAPIHandlers) DownloadZip(w http.ResponseWriter, r *http.Request) {
 	archive := zip.NewWriter(w)
 	defer archive.Close()
 
-	var length int64
 	for _, object := range args.Objects {
 		// Writes compressed object file to the response.
 		zipit := func(objectName string) error {
@@ -1318,58 +1316,28 @@ func (web *webAPIHandlers) DownloadZip(w http.ResponseWriter, r *http.Request) {
 			defer gr.Close()
 
 			info := gr.ObjInfo
-
-			var actualSize int64
 			if info.IsCompressed() {
-				// Read the decompressed size from the meta.json.
-				actualSize = info.GetActualSize()
-				// Set the info.Size to the actualSize.
-				info.Size = actualSize
+				// For reporting, set the file size to the uncompressed size.
+				info.Size = info.GetActualSize()
 			}
 			header := &zip.FileHeader{
-				Name:               strings.TrimPrefix(objectName, args.Prefix),
-				Method:             zip.Deflate,
-				UncompressedSize64: uint64(length),
-				UncompressedSize:   uint32(length),
+				Name:   strings.TrimPrefix(objectName, args.Prefix),
+				Method: zip.Deflate,
 			}
-			zipWriter, err := archive.CreateHeader(header)
+			if hasStringSuffixInSlice(info.Name, standardExcludeCompressExtensions) || hasPattern(standardExcludeCompressContentTypes, info.ContentType) {
+				// We strictly disable compression for standard extensions/content-types.
+				header.Method = zip.Store
+			}
+			writer, err := archive.CreateHeader(header)
 			if err != nil {
 				writeWebErrorResponse(w, errUnexpected)
 				return err
 			}
-			var writer io.Writer
-
-			if info.IsCompressed() {
-				// Open a pipe for compression
-				// Where compressWriter is actually passed to the getObject
-				decompressReader, compressWriter := io.Pipe()
-				snappyReader := snappy.NewReader(decompressReader)
-
-				// The limit is set to the actual size.
-				responseWriter := ioutil.LimitedWriter(zipWriter, 0, actualSize)
-				wg.Add(1) //For closures.
-				go func() {
-					defer wg.Done()
-					// Finally, writes to the client.
-					_, perr := io.Copy(responseWriter, snappyReader)
-
-					// Close the compressWriter if the data is read already.
-					// Closing the pipe, releases the writer passed to the getObject.
-					compressWriter.CloseWithError(perr)
-				}()
-				writer = compressWriter
-			} else {
-				writer = zipWriter
-			}
 			httpWriter := ioutil.WriteOnClose(writer)
 
 			// Write object content to response body
 			if _, err = io.Copy(httpWriter, gr); err != nil {
 				httpWriter.Close()
-				if info.IsCompressed() {
-					// Wait for decompression go-routine to retire.
-					wg.Wait()
-				}
 				if !httpWriter.HasWritten() { // write error response only if no data or headers has been written to client yet
 					writeWebErrorResponse(w, err)
 				}
@@ -1382,10 +1350,6 @@ func (web *webAPIHandlers) DownloadZip(w http.ResponseWriter, r *http.Request) {
 					return err
 				}
 			}
-			if info.IsCompressed() {
-				// Wait for decompression go-routine to retire.
-				wg.Wait()
-			}
 
 			// Notify object accessed via a GET request.
 			sendEvent(eventArgs{
diff --git a/docs/compression/README.md b/docs/compression/README.md
index 5580858da..4d8bac963 100644
--- a/docs/compression/README.md
+++ b/docs/compression/README.md
@@ -1,6 +1,10 @@
 # Compression Guide [![Slack](https://slack.min.io/slack?type=svg)](https://slack.min.io)
 
-MinIO server allows streaming compression to ensure efficient disk space usage. Compression happens inflight, i.e objects are compressed before being written to disk(s). MinIO uses [`golang/snappy`](https://github.com/golang/snappy) streaming compression due to its stability and performance.
+MinIO server allows streaming compression to ensure efficient disk space usage. Compression happens inflight, i.e objects are compressed before being written to disk(s). MinIO uses [`klauspost/compress/s2`](https://github.com/klauspost/compress/tree/master/s2) streaming compression due to its stability and performance.
+
+This algorithm is specifically optimized for machine generated content. Write throughput is typically at least 300MB/s per CPU core. Decompression speed is typically at least 1GB/s.
+This means that in cases where raw IO is below these numbers compression will not only reduce disk usage but also help increase system throughput.
+Typically enabling compression on spinning disk systems will increase speed when the content can be compressed.
 
 ## Get Started
 
@@ -15,13 +19,26 @@ Compression can be enabled by updating the `compress` config settings for MinIO
 ```json
 "compress": {
         "enabled": true,
-        "extensions": [".txt",".log",".csv", ".json"],
-        "mime-types": ["text/csv","text/plain","application/json"]
+        "extensions": [".txt",".log",".csv", ".json", ".tar"],
+        "mime-types": ["text/*","application/json","application/xml"]
 }
 ```
 
 Since text, log, csv, json files are highly compressible, These extensions/mime-types are included by default for compression.
 
+Having compression enabled and no extensions or mime types will attempt to compress anything that isn't explicitly known to be already compressed content. 
+Settings for enabling compression on all content, except for types listed below:
+
+```json
+"compress": {
+        "enabled": true,
+        "extensions": [],
+        "mime-types": []
+}
+```
+
+Incompressible content will be skipped with quite low CPU usage and storage overhead, typically at several GB/s.
+
 To update the configuration, use `mc admin config get` command to get the current configuration file for the minio cluster in json format, and save it locally.
 
 ```sh
@@ -69,6 +86,8 @@ export MINIO_COMPRESS_MIMETYPES="application/pdf"
       | `application/x-compress` |
       | `application/x-xz` |
 
+All files with these extensions and mime types are excluded from compression, even if compression is enabled for all types.
+
 - MinIO does not support encryption with compression because compression and encryption together potentially enables room for side channel attacks like [`CRIME and BREACH`](https://blog.minio.io/c-e-compression-encryption-cb6b7f04a369)
 
 - MinIO does not support compression for Gateway (Azure/GCS/NAS) implementations.
diff --git a/go.mod b/go.mod
index b55bdebca..6cbb67784 100644
--- a/go.mod
+++ b/go.mod
@@ -21,7 +21,6 @@ require (
 	github.com/fatih/color v1.7.0
 	github.com/fatih/structs v1.1.0
 	github.com/go-sql-driver/mysql v1.4.1
-	github.com/golang/snappy v0.0.1
 	github.com/gomodule/redigo v2.0.0+incompatible
 	github.com/gorilla/handlers v1.4.0
 	github.com/gorilla/mux v1.7.0
@@ -29,7 +28,7 @@ require (
 	github.com/hashicorp/vault v1.1.0
 	github.com/inconshreveable/go-update v0.0.0-20160112193335-8152e7eb6ccf
 	github.com/json-iterator/go v1.1.7
-	github.com/klauspost/compress v1.5.0
+	github.com/klauspost/compress v1.8.3
 	github.com/klauspost/pgzip v1.2.1
 	github.com/klauspost/readahead v1.3.0
 	github.com/klauspost/reedsolomon v1.9.1
diff --git a/go.sum b/go.sum
index 358a99905..13c96658f 100644
--- a/go.sum
+++ b/go.sum
@@ -340,6 +340,8 @@ github.com/klauspost/compress v1.3.0/go.mod h1:RyIbtBH6LamlWaDj8nUwkbUhJ87Yi3uG0
 github.com/klauspost/compress v1.4.1/go.mod h1:RyIbtBH6LamlWaDj8nUwkbUhJ87Yi3uG0guNDohfE1A=
 github.com/klauspost/compress v1.5.0 h1:iDac0ZKbmSA4PRrRuXXjZL8C7UoJan8oBYxXkMzEQrI=
 github.com/klauspost/compress v1.5.0/go.mod h1:RyIbtBH6LamlWaDj8nUwkbUhJ87Yi3uG0guNDohfE1A=
+github.com/klauspost/compress v1.8.3 h1:CkLseiEYMM/fRb0RIg9mXB+Iwgmle+U9KGFu+JCO4Ec=
+github.com/klauspost/compress v1.8.3/go.mod h1:RyIbtBH6LamlWaDj8nUwkbUhJ87Yi3uG0guNDohfE1A=
 github.com/klauspost/cpuid v0.0.0-20160106104451-349c67577817/go.mod h1:Pj4uuM528wm8OyEC2QMXAi2YiTZ96dNQPGgoMS4s3ek=
 github.com/klauspost/cpuid v1.2.0/go.mod h1:Pj4uuM528wm8OyEC2QMXAi2YiTZ96dNQPGgoMS4s3ek=
 github.com/klauspost/cpuid v1.2.1 h1:vJi+O/nMdFt0vqm8NZBI6wzALWdA2X+egi0ogNyrC/w=