Just as ‘business’ hosting is a happy medium between shared and VPS hosting, VPS (Virtual Private Server) hosting is one step closer to a dedicated server – without the added price tag. With a VPS hosting plan, you have a ‘virtual server’ that acts like a dedicated server, but within a shared space – kind of like having an apartment in a shared block of apartments, rather than a detached house.
A dedicated server will likely cost you more than $100 per month; it's definitely not cheap web hosting. The benefit? Your website lives on a server all by its lonesome, so it takes advantage of the server's full resources. You'll probably need to handle firewalls, updates, and maintenance yourself, however, unless you opt for a managed server, which costs even more money.