Increasing webpage speed via hosting provider?

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I'm running Wordpress using bluehost, shared hosting service. If I was to move onto cloud hosting or wordpress optimized hosting would this increase my webpage speed?
 
Yes... also, you can decrease load times using a CDN ... just google content delivery network. Also, take the suggestions from tools.pingdom.com and google developer and YSlow to help as well.

Combine your Javascript and CSS, gzip your files etc. There are wordpress plugins that will do most of this... something like wp super cache for example.

Also, if you have a specific market for your site, get a server in that market.
 
I'm running Wordpress using bluehost, shared hosting service. If I was to move onto cloud hosting or wordpress optimized hosting would this increase my webpage speed?

There are a lot of considerations in these regards. stratocentric has provided excellent direction above.

Personally I use cloudflare, and wp-super-cache on all my blog setups.

If your blog is not loading well it could be a bad host, but it could be a poorly configured installation, bogged down database, or a number of other factors. Don't just jump ship to a new host unless and until you are sure it's the host causing your speed problems rather than any of the myriad of other reasons a wordpress site might be slow.
 
Main things to increase speed are:

fast hosting provider
optimized images
caching
compression
lowering items on page

theres a few good plugins out there that will do most of it, then you just need a good host.

You can check your speed on a few sites but I find that google page speed test is a good benchmark and also this site:
http://www.websiteoptimization.com/services/analyze/
 
Try to check the server resources first along with your site optimization.
You can use cache plugins too along with page optimization.
 
It will also be a great option to have your site run on SSD drives. You've got SSD shared hosting, but I recommend switching to a VPS. The prices of shared hosting and VPS hosting are becoming very similar, so it's definitely worth a try.
 
I prefer Cloudways for WordPress Hosting.
Some of the details are:

Features of Cloudways Platform:


Installation
1- Selection from DigitalOcean (6 data centers) and Amazon EC2 servers (9 data centers) and Google Compute Engine (3 regions)
2- One Click Application Installs (WordPress, Magento, Drupal, Joomla, Prestashop, support for all php based applications)
3- Server scaling, based on bandwidth, hard disk space, processor and RAM.
4- Billing on hourly basis.
5- Free New Relic Addon
6- Rackspace Email Addon
7- Ability to change PHP Versions (5.4, 5.5, 5.6), install Redis, change MySQL versions to MariaDB.


Server Features
1- 15 real time monitoring features.
2- Vertical Server Scaling
3- Service Management (Nginx, Varnish, MySQL, Apache, Memcache...)
4- Advance Server settings (Upload size, execution limit, memory limit etc.)
5- SSL Certificate Configuration
6- Automatic Backups, with frequency as low as 1 per hour
7- Server Addons (Email settings)
8- Dedicated IP
9- Unlimited Domains
10- Unlimited Application Installations


Application Management
1- SFTP connection
2- Dedicated MySQL/MariaDB Database
3- Application Restore
4- Application and Server Cloning
5- Git Integration and Deployment Via Git
6- SSH Access


All servers are automatically updated and patched as soon as new updates are available. Also support team is available 24/7 to help and assist whenever needed.
 
What helps me to speed up my WordPress websites is the plugin "WP Performance Score Booster". It minifies your HTML, CSS, etc. I'm having good success with it.
 
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