diff --git a/go.mod b/go.mod
index 77b31277e1..46d9b30523 100644
--- a/go.mod
+++ b/go.mod
@@ -133,6 +133,7 @@ require (
 	go.uber.org/zap v1.19.0
 	golang.org/x/crypto v0.0.0-20220131195533-30dcbda58838
 	golang.org/x/net v0.0.0-20211216030914-fe4d6282115f
+	golang.org/x/sync v0.0.0-20210220032951-036812b2e83c
 	golang.org/x/sys v0.0.0-20220412211240-33da011f77ad
 	google.golang.org/grpc v1.45.0
 	gopkg.in/yaml.v2 v2.4.0
diff --git a/pkg/cli/cmds/etcd_snapshot.go b/pkg/cli/cmds/etcd_snapshot.go
index 23ace5c546..54d94548ef 100644
--- a/pkg/cli/cmds/etcd_snapshot.go
+++ b/pkg/cli/cmds/etcd_snapshot.go
@@ -95,7 +95,7 @@ var EtcdSnapshotFlags = []cli.Flag{
 		Name:        "s3-timeout,etcd-s3-timeout",
 		Usage:       "(db) S3 timeout",
 		Destination: &ServerConfig.EtcdS3Timeout,
-		Value:       30 * time.Second,
+		Value:       5 * time.Minute,
 	},
 }
 
diff --git a/pkg/cli/cmds/server.go b/pkg/cli/cmds/server.go
index 04b429feb2..2f845cb240 100644
--- a/pkg/cli/cmds/server.go
+++ b/pkg/cli/cmds/server.go
@@ -374,7 +374,7 @@ var ServerFlags = []cli.Flag{
 		Name:        "etcd-s3-timeout",
 		Usage:       "(db) S3 timeout",
 		Destination: &ServerConfig.EtcdS3Timeout,
-		Value:       30 * time.Second,
+		Value:       5 * time.Minute,
 	},
 	cli.StringFlag{
 		Name:        "default-local-storage-path",
diff --git a/pkg/cli/server/server.go b/pkg/cli/server/server.go
index 25134e569d..6e5f8fdfb0 100644
--- a/pkg/cli/server/server.go
+++ b/pkg/cli/server/server.go
@@ -151,6 +151,7 @@ func run(app *cli.Context, cfg *cmds.Server, leaderControllers server.CustomCont
 	serverConfig.ControlConfig.EtcdDisableSnapshots = cfg.EtcdDisableSnapshots
 
 	if !cfg.EtcdDisableSnapshots {
+		serverConfig.ControlConfig.EtcdSnapshotCompress = cfg.EtcdSnapshotCompress
 		serverConfig.ControlConfig.EtcdSnapshotName = cfg.EtcdSnapshotName
 		serverConfig.ControlConfig.EtcdSnapshotCron = cfg.EtcdSnapshotCron
 		serverConfig.ControlConfig.EtcdSnapshotDir = cfg.EtcdSnapshotDir
diff --git a/pkg/etcd/etcd.go b/pkg/etcd/etcd.go
index 4ea98466b2..09c43e3ca7 100644
--- a/pkg/etcd/etcd.go
+++ b/pkg/etcd/etcd.go
@@ -44,6 +44,7 @@ import (
 	clientv3 "go.etcd.io/etcd/client/v3"
 	"go.etcd.io/etcd/etcdutl/v3/snapshot"
 	"go.uber.org/zap"
+	"golang.org/x/sync/semaphore"
 	v1 "k8s.io/api/core/v1"
 	apierrors "k8s.io/apimachinery/pkg/api/errors"
 	metav1 "k8s.io/apimachinery/pkg/apis/meta/v1"
@@ -63,7 +64,9 @@ const (
 	defaultKeepAliveTime    = 30 * time.Second
 	defaultKeepAliveTimeout = 10 * time.Second
 
-	maxBackupRetention = 5
+	maxBackupRetention     = 5
+	maxConcurrentSnapshots = 1
+	compressedExtension    = ".zip"
 
 	MasterLabel       = "node-role.kubernetes.io/master"
 	ControlPlaneLabel = "node-role.kubernetes.io/control-plane"
@@ -90,13 +93,14 @@ var (
 type NodeControllerGetter func() controllerv1.NodeController
 
 type ETCD struct {
-	client  *clientv3.Client
-	config  *config.Control
-	name    string
-	address string
-	cron    *cron.Cron
-	s3      *S3
-	cancel  context.CancelFunc
+	client      *clientv3.Client
+	config      *config.Control
+	name        string
+	address     string
+	cron        *cron.Cron
+	s3          *S3
+	cancel      context.CancelFunc
+	snapshotSem *semaphore.Weighted
 }
 
 type learnerProgress struct {
@@ -1162,6 +1166,9 @@ func snapshotDir(config *config.Control, create bool) (string, error) {
 // to perform an Etcd snapshot. This is necessary primarily for on-demand
 // snapshots since they're performed before normal Etcd setup is completed.
 func (e *ETCD) preSnapshotSetup(ctx context.Context, config *config.Control) error {
+	if e.snapshotSem == nil {
+		e.snapshotSem = semaphore.NewWeighted(maxConcurrentSnapshots)
+	}
 	if e.client == nil {
 		if e.config == nil {
 			e.config = config
@@ -1180,8 +1187,6 @@ func (e *ETCD) preSnapshotSetup(ctx context.Context, config *config.Control) err
 	return nil
 }
 
-const compressedExtension = ".zip"
-
 // compressSnapshot compresses the given snapshot and provides the
 // caller with the path to the file.
 func (e *ETCD) compressSnapshot(snapshotDir, snapshotName, snapshotPath string) (string, error) {
@@ -1274,6 +1279,10 @@ func (e *ETCD) Snapshot(ctx context.Context, config *config.Control) error {
 	if err := e.preSnapshotSetup(ctx, config); err != nil {
 		return err
 	}
+	if !e.snapshotSem.TryAcquire(maxConcurrentSnapshots) {
+		return fmt.Errorf("%d snapshots already in progress", maxConcurrentSnapshots)
+	}
+	defer e.snapshotSem.Release(maxConcurrentSnapshots)
 
 	// make sure the core.Factory is initialized before attempting to add snapshot metadata
 	var extraMetadata string
diff --git a/pkg/etcd/s3.go b/pkg/etcd/s3.go
index 573809f131..86a30da8a4 100644
--- a/pkg/etcd/s3.go
+++ b/pkg/etcd/s3.go
@@ -106,9 +106,11 @@ func (s *S3) upload(ctx context.Context, snapshot, extraMetadata string, now tim
 
 	toCtx, cancel := context.WithTimeout(ctx, s.config.EtcdS3Timeout)
 	defer cancel()
-	opts := minio.PutObjectOptions{
-		ContentType: "application/zip",
-		NumThreads:  2,
+	opts := minio.PutObjectOptions{NumThreads: 2}
+	if strings.HasSuffix(snapshot, compressedExtension) {
+		opts.ContentType = "application/zip"
+	} else {
+		opts.ContentType = "application/octet-stream"
 	}
 	uploadInfo, err := s.client.FPutObject(toCtx, s.config.EtcdS3BucketName, snapshotFileName, snapshot, opts)
 	if err != nil {