Shared hosting is the most basic type of web hosting and is the best choice for small or entry-level websites. As the name suggests, websites that use shared hosting will share resources with other websites on a single server. It's cost-effective and is the cheapest and most common form of web hosting. Cloud hosting takes VPS virtualization to the next level by hosting your site on a computer network.
If one server goes offline, visitors will be seamlessly directed to another server on the cloud network. This makes it easier to scale a website on cloud hosting and also makes it load faster for international visitors. Dedicated server hosting is when you have a physical web server for yourself and you won't share any resources with anyone else. Managed hosting is when the web host will perform many of the daily maintenance tasks of managing a website for you.
WordPress hosting includes tools that make it easy to create and run a WordPress website. All these types of web hosting have their own advantages and disadvantages, so it's important to understand them before making a decision.