If you’re a new company on a limited budget, shared hosting could be a better option. Although there is a tradeoff of security and performance with choosing the cheapest plan.  If your team lacks the technical expertise to configure and maintain a VPS server, it might be worth looking into Managed VPS hosting. It comes with full technical support.  If you’re a growing enterprise that needs more power and resources, dedicated servers would be a better option. A use case could be large websites with heavy bandwidth needs.