Virtual Private Server, more commonly known as VPS, can be considered as a virtual machine or a reseller hosting on steroids. It basically means that the web hosting company is sharing a dedicated server (that is, the processing power of the server) with multiple users.
However, it gives you better control as if you own a dedicated server because unlike a shared hosting or reseller hosting, VPS comes with dedicated memory plus gives you root access (to install advanced software or to customize your virtual machine). So it works like a dedicated server though it doesn’t exist physically.
You can manage a VPS hosting just like a shared hosting plan. And it gives the comfort of all the hosting plans (shared, reseller, and dedicated) to some extent without costing a lot of money. And it’s the next best option once you started overusing the resources of a shared hosting plan.
VPS Hosting Plans are best suited for websites that are getting more than 100,000 visits a month. It can also be a good choice for web designers and developers who want to host and manage multiple high-traffic websites.