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Nice read Rahul ! While you compare all hosting types, I would like to point out one important thing related to shared hosting. Undoubtedly, VPS hosting has become the most popular hosting type in short span, but shared hosting has its own benefits. First and most important one is – Shared Hosting is by Default Fully Managed, that means you don’t have to worry about security of your website, server updates, software update, spamming from your mailboxes, etc.
Eliran Ouzan:
For years, Minecraft has inspired creativity in players. The size of the Minecraft world is bigger than the planet Earth. It is a ridiculously large playground where you can build something on your own or collaborate with other players. If you prefer multiplayer, you can set your own server up and create the world for you and your friends. Running your own server gives your certain power: you can choose a game mode, invite and ban players, change their spawn points, etc. There are a number of advantages you will get if choose to set a Minecraft server on a VPS instead of your home PC:

Expert Overview

It can take hours to build a web server with support for all of the programming languages and latest web standards. Managed VPS plans bring all of the software required for programming and web development (DevOps) into a PaaS product that is available instantly. From this, there are also many differences in LAMP stack configurations between webhosts. Buying a Managed WordPress VPS hosting plan with pre-configured Nginx and Varnish Cache installation can save thousands of dollars in web development costs for small businesses.
In fact, most webhosts will offer the same LAMP web server stack software on their managed VPS plans as their shared hosting accounts. The main difference is the level of dedicated system resource allocation, such as RAM, CPU cores, bandwidth, or storage options. VPS plans also offer far more configuration options for web server customization with the command line than shared Linux or Windows hosting plans.
Partitioning a single server to appear as multiple servers has been increasingly common on microcomputers since the launch of VMware ESX Server in 2001. The physical server typically runs a hypervisor which is tasked with creating, releasing, and managing the resources of "guest" operating systems, or virtual machines. These guest operating systems are allocated a share of resources of the physical server, typically in a manner in which the guest is not aware of any other physical resources save for those allocated to it by the hypervisor. As a VPS runs its own copy of its operating system, customers have superuser-level access to that operating system instance, and can install almost any software that runs on the OS; however, due to the number of virtualization clients typically running on a single machine, a VPS generally has limited processor time, RAM, and disk space.[2]
The most obvious and popular reason for a VPS is to run a single website, or multiple websites. However, you can use them for pretty much anything that requires access to the internet – such as a web application like Nextcloud to run your own Dropbox alternative – or to create your own virtual private network to better secure the internet connection of your PCs and mobile devices.