you can use aws glue service to convert you pipe format data to parquet format , and thus you can achieve data compression . Now you should choose Redshift to copy your data as it is very huge. To manage your data, you should partition your data in S3 bucket and also divide your data across the redshift cluster

First of all you should make your choice upon Redshift or Athena based on your use case since they are two very diferent services - Redshift is an enterprise-grade MPP Data Warehouse while Athena is a SQL layer on top of S3 with limited performance. If performance is a key factor, users are going to execute unpredictable queries and direct and managing costs are not a problem I'd definitely go for Redshift. If performance is not so critical and queries will be predictable somewhat I'd go for Athena.

Once you select the technology you'll need to optimize your data in order to get the queries executed as fast as possible. In both cases you may need to adapt the data model to fit your queries better. In the case you go for Athena you'd also proabably need to change your file format to Parquet or Avro and review your partition strategy depending on your most frequent type of query. If you choose Redshift you'll need to ingest the data from your files into it and maybe carry out some tuning tasks for performance gain.

I'll recommend Redshift for now since it can address a wider range of use cases, but we could give you better advice if you described your use case in depth.

It depend of the nature of your data (structured or not?) and of course your queries (ad-hoc or predictible?). For example you can look at partitioning and columnar format to maximize MPP capabilities for both Athena and Redshift

you can change your PSV fomat data to parquet file format with AWS GLUE and then your query performance will be improved

Cassandra is quite capable of the task, in a highly available way, given appropriate scaling of the system. Remember that updates are only inserts, and that efficient retrieval is only by key (which can be a complex key). Talking of keys, make sure that the keys are well distributed.

Scylla can handle 1M/s events with a simple data model quite easily. The api to query is CQL, we have REST api but that's for control/monitoring

i love syclla for pet projects however it's license which is based on server model is an issue. thus i recommend cassandra

By 55M do you mean 55 million entity changes per 2 minutes? It is relatively high, means almost 460k per second. If I had to choose between Scylla or Cassandra, I would opt for Scylla as it is promising better performance for simple operations. However, maybe it would be worth to consider yet another alternative technology. Take into consideration required consistency, reliability and high availability and you may realize that there are more suitable once. Rest API should not be the main driver, because you can always develop the API yourself, if not supported by given technology.