Running a website requires a Web Hosting.
A dedicated hosting service, dedicated server, or managed hosting service is a type of Internet hosting in which the client leases an entire server not shared with anyone else. This is more flexible than shared hosting, as organizations have full control over the server(s), including choice of operating system, hardware, etc.
A virtual private server (VPS) is a virtual machine sold as a service by an Internet hosting service. For many purposes they are functionally equivalent to a dedicated physical server, and being software defined are able to be much more easily created and configured
A VPS runs its own copy of an operating system, and customers have superuser-level access to that operating system instance, so they can install almost any software that runs on that OS. For many purposes they are functionally equivalent to a dedicated physical server, and being software defined are able to be much more easily created and configured. They are priced much lower than an equivalent physical server, but as they share the underlying physical hardware with other VPSs, performance may be lower, and may depend on the workload of other instances on the same hardware node.
If you have huge traffic and large number of application to run than you can choose dedicated server. VPS is basically for Small sized business. For medium and large business, dedicated servers are often the best option.
Therefore, two main factors make these hosting options different from one another. First, VPS server is much cheaper than dedicated server. Secondly, dedicated server host has more resources than VPS offers. Therefore, you can select an option as per your requirement of website. MyLightHost provides VPS and dedicated server and if in search for a cheaper option then go for MyLightHost VPS hosting plan. If your main concern is to get more dedicated resources then dedicated server hosting is the best hosting option available to you.