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If your bandwidth usage is high and your website seems slow to perform, you may need more resources than a shared website hosting plan provides. Shared hosting means you share everything - so you're restricted in how big your website can grow, and your available resources (disk space, bandwidth, etc) can be affected by the traffic flow and bandwidth usage of other websites running on the same server.
VPS users still have access to the same resources and features as they would have otherwise, and they still have the freedom to install any application and make changes to those applications. Since you are not actually sharing any hardware, you will not have to be concerned about the physical server maintenance and security. The hosting company will need to worry about this.
Managed VPS hosting is the ideal solution for both non-technical but also technically savvy people since the hosting provider takes care of any technical tasks related to the server. In other words the web hosting provider is responsible for managing the server including system upgrades and configuration and your job is to do what you are supposed to do i.e. run your website or online business.
To break things down a bit, cloud VPS (Virtual Private Server) hosting is when a web hosting provider takes one massive server and partitions it up so that it can have several servers on it, each of which can run its own operating system and can be re-booted independently. Sounds simple enough. So what is the difference between managed VPS and unmanaged VPS?
Typical Use Case: Early stage startup workloads, quick prototypes, prelaunch experimentations, dev/test environments, microservices node, code repositories, dedicated application servers for light workloads. Resource intensive workloads like data aggregation, gaming front-ends, video encoding, high performance computing, batch processing. Also see our managed services for Startupreneurs.