Planning for hosting a site is compositions of many other steps like if you plan to own a new website, you will need to host your website on a web server. When your website goes live on the web server, online users can then browse your website on the Internet. Company that provides the web servers to host your website is called web hosting providers.
If you talk about hosting types then it is of different types like in shared hosting (also known as virtual web hosting), many websites are sharing the space on the same physical web servers. Depending on the web host, a physical web server can hosts a few hundred to even thousand of different websites at one time.
While in dedicated hosting assigned a specific web server to be used only by one customer. Since a dedicated web server is allocated to only a single customer, the customer has the option to host single or multiple web sites, modify the software configuration, handle greater site traffic and scale the bandwidth as necessary.
You can select a type according to your requirement.