It's missing out on small, yet good and reliable providers.

Some examples:

Tilaa (NL) - https://www.tilaa.com/en/

Offering compute, storage, databases, containers, you name it. And having personal experience with these guys I can tell you they are awesome. Want to host your stuff specifically in a CO2 neutral DC? They can do that too.

Leafcloud (NL) - https://leaf.cloud/

Green OpenStack based cloud provider

Stuxhost (NL/DE) - https://stuxhost.com

Focused on managed NextCloud hosting, managed webhosting and VPN

And there are hundreds more, actually.