Object storage is ideal for organizations with large, unstructured data collections that grow rapidly. S3-compatible object storage enables developers to store unstructured data while using the same interface as Amazon S3, but with a different cloud provider for increased flexibility and control over costs.

Object storage is a highly flexible and scalable type of cloud storage, capable of cheaply storing massive amounts of unstructured data. S3-compatible object storage is cloud storage that is compatible with the Amazon S3 object storage service.
It enables developers and organizations to use preexisting S3 tools, extensions, and libraries for managing data objects even though they are stored on a non-S3 platform.

Using one cloud provider's tools and storage can result in being locked in to that provider.
Relying on S3 alone means that any time stored data is accessed from outside of S3, high egress fees are incurred.
Using non-S3-compatible object storage makes it difficult to move from S3, because internal tools will need to be reconfigured or re-selected if they are not S3-compatible.
S3-compatible storage makes it simple to move data from one vendor to another, or to back up data with another object storage provider.
Maintain flexibility by storing objects across multiple providers or duplicating object storage databases, ensuring you can pivot between cloud providers if necessary.
Adopting S3-compatible storage gives organizations a choice of vendors and provides greater control over costs such as egress fees.
Use the same tools, utilities, plugins, extensions, and interfaces that are already used with S3 to search for and retrieve objects.
With the R2 object storage service, Cloudflare offers an S3-compatible API for accessing the wide range of S3 tools, libraries, and extensions.
R2 does not charge egress fees. Organizations are charged based on the total volume of data stored and two classes of operations on that data.
R2 provides strong security with undiscoverable bucket names and randomized URLs for each bucket.
R2 automatically selects a bucket location in the closest available region to the "create bucket" request. With the Cloudflare global network, which has locations in over 125 countries around the world, data is never far from users.