Managed web hosting brings a white-glove or concierge service to the hosting experience. The term “managed” means the hosting company takes care of the hands-on IT work required to keep the server running optimally. They handle the hardware while you maintain the software and your site databases, files, and media content. This type of web hosting carries the highest price tag, but many find the peace of mind and server administration assistance worthwhile.
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The host may also provide an interface or control panel for managing the Web server and installing scripts, as well as other modules and service applications like e-mail. A web server that does not use a control panel for managing the hosting account, is often referred to as a "headless" server. Some hosts specialize in certain software or services (e.g. e-commerce, blogs, etc.).
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On the topic of dedicated hosting, many web hosting services also offer managed hosting. This type of hosting sees the web host act as your IT department, handling a server's maintenance and upkeep. This hosting option is something that you'd typically find with dedicated servers, so it's a business-centric addition. Naturally, it adds a few bucks to the hosting cost, but nothing that should break the bank if you have the resources for a dedicated server.
Similar to the dedicated web hosting service, but the user owns the colo server; the hosting company provides physical space that the server takes up and takes care of the server. This is the most powerful and expensive type of web hosting service. In most cases, the colocation provider may provide little to no support directly for their client's machine, providing only the electrical, Internet access, and storage facilities for the server. In most cases for colo, the client would have his own administrator visit the data center on site to do any hardware upgrades or changes. Formerly, many colocation providers would accept any system configuration for hosting, even ones housed in desktop-style minitower cases, but most hosts now require rack mount enclosures and standard system configurations.
Having multiple servers hosting the same content for better resource utilization. Clustered servers are a perfect solution for high-availability dedicated hosting, or creating a scalable web hosting solution. A cluster may separate web serving from database hosting capability. (Usually web hosts use clustered hosting for their shared hosting plans, as there are multiple benefits to the mass managing of clients).
The user gets his or her own Web server and gains full control over it (user has root access for Linux/administrator access for Windows); however, the user typically does not own the server. One type of dedicated hosting is self-managed or unmanaged. This is usually the least expensive for dedicated plans. The user has full administrative access to the server, which means the client is responsible for the security and maintenance of his own dedicated server.
Hosting that is aimed at specific CMS platforms and tweaked optimally for them: e.g., WordPress hosting, Drupal hosting, Magento hosting, etc. In these cases, the best hosts do far more than just provide the minimal requirements for those platforms. They provide a rich, and fully managed environment so your site can perform like a well-tuned machine.