Although the range of hosting options becomes bewilderingly complex day-by-day, nothing would match with the services offered by a dedicated server when it comes to offering prolific hosting services.
As for the best WordPress hosting provider, I think Hostgator($0.01 cent/month) must be the one.
Shared hosting is an ideal and economical solution for those who want to run multiple websites.
A Virtual Private Server (VPS) is a result of a method of partitioning a physical server into multiple servers so that everything runs as if it were running on a single machine.
In managed VPS hosting your service provider takes care of server maintenance like software installation, updating the core, security, backup, and more.