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Shared Hosting is very cheap, limited storage unit, limited bandwidth, limited email accounts, limited domains, etc. compared to VPS Hosting and Dedicated Servers.
VPS is not a physical server, but, it works like that. VPS has a big storage unit, a significant amount of bandwidth, a big amount of email accounts, significant amounts of domains, etc.
You can check more from https://manage.accuwebhosting.com/kn...S-Hosting.html
Simply put, shared hosting means your site will share the same server as many other sites. It’s usually the cheapest option but comes with limited bandwidth, administration, and performance capabilities. VPS hosting is a more premium option, with the ability for greater customization and increased performance. But, as with any premium service, you’ll have to pay more to get more.
Shared Hosting = You have an account on a server where others also have their accounts, though you do have your own WHM (if you have a reseller account) or Cpanel (if a single account). Typically these are on physical boxes located in a colocation space outside of the retailer from whom you purchased, but likely they are moving more towards virtual hosting space (on a vps cluster)
VPS Hosting = You have an account on a virtual cluster of servers rather than on a physical box. This can therefore provide some better performance, but more importantly, it provides the ability for the reseller to increase or decrease your allocation without any physical hardware or space location issues.
Shared hosting means sharing a server – and it’s resources – with other sites; that’s bandwidth, storage and the lot. VPS hosting creates a virtual environment that imitates a dedicated server but within a shared hosting environment.
Shared Hosting: Shared hosting is an ideal, economical solution for companies who want to run multiple websites. The advantages and disadvantages of sharing a server depend on a variety of factors, including the hosting company, number of websites involved, and the amount of traffic the sites receive.
VPS Hosting: VPS Hosting represents web hosting that revolves around partitioning a single computer to simulate multiple servers. The unique feature is that each server has the look and feel of a physical server, equipped with its own operating system
shared hosting means your site will share the same server as many other sites. It's usually the cheapest option but comes with limited bandwidth, administration, and performance capabilities. VPS hosting is a more premium option, with the ability for greater customization and increased performance.
VPS has the power of receiving all dedicated hosting with the ability of its own set of server and customized disk space. But Shared hosting has limited a access and doesn't have customized disk space.