Advantages of Shared Hosting
It a good option if you have a limited number of blogs and smaller websites as it is easy to maintain.
It has an economical advantage.
Technical maintenance of the server is not required, therefore you do not need a special skill set to handle your website.
You can demand for extra storage space.
All kinds of software, including virtualized software can be installed.
Disadvantages of Shared hosting
Limited number of resources.
Your website performance may be affected by other websites hosted on the shared server.
You might have to face long term problems with scalability and backup.
There is a possibility to face security issues for sharing a common server.
You might have to configure firewall settings for certain applications.
You will have a limited customer support only.
Advantages of VPS Hosting
You will have a huge space and bandwidth which enables you to do what you like.
You can upgrade or downgrade your subscription at any time.
You can configure anything you wish on the server as you own it.
Run your own batch files to create multiple services inside the server using shell access.
You can avail an extensive and dedicated 24/7 Customer Support which will help you have better security levels.
You can have easy scalability and backup in this method.
User partitioning enables you to custom firewall configurations.
Disadvantages of VPS Hosting
You need a dedicated system administrator to take care of your server.
It is usually costly so you should be careful with cheap offers.
You must be particular with certain applications as they might have issues running in a virtualized environment.
Differences
Shared hosting and VPS hosting have a lot of differences as listed below:
Resources: Shared hosting will have access to a limited number of resources only while the VPS hosting allows private disk spaces, having greater resource availability.
Security: Shared hosting is comparatively less secure than VPS hosting.
Platform: Shared hosting provides a basic level of file system and compartmentalization while GreenGeeks offers OpenVZ and Xen Linux Virtualization.
We have a full KDB article
here:
https://hostnit.com/billing/knowled...the-advantages-and-when-should-I-upgrade.html