A Virtual Private Server (VPS) is created using virtualisation to segregate powerful dedicated servers into separate virtual private servers for individual client use.
Each VPS operates independently from other VPS’s hosted on the same dedicated server. Each VPS runs using separate operating systems with dedicated resources, you will have access to one or more dedicated IP Addresses as well.
VPS is going to cost more than shared hosting because it puts you on a virtual machine linked to a physical server. This makes it so your website is less impacted with users and offers dedicated resources. Your business also has added control over the server so you can implement other software and applications on your website. This is a great step up from shared hosting if your website is receiving a lot of traffic and needs extra power.