First of all, root access offers independence from the hosting provider in terms of software. While the hosting provider still manages the server’s hardware, a choice of software is on a user. It’s you, not your hosting provider, who decides when it is the right time to upgrade, for example, cPanel or MariaDB. We cannot say that this freedom is absolute, though, compared to the dedicated hosting plan. If a bare-metal server has hosted hypervisor installed, its OS must be compatible with a guest OS. For instance, if a physical machine runs Linux, it’s impossible to install Windows as a guest OS. A native hypervisor is compatible with any OS. Apart from that limitation (and apart from illegal activities, of course), VPS users can install whatever software they want.

Affordability
What is VPS hosting? Basically, VPS hosting (Virtual Private Server hosting) is a service that gives you a web server’s hardware to share with others without sharing the software. This means that you can have complete root control over the server as if it were your own dedicated server but you will still share the CPU, RAM, and bandwidth with other users. You can still have guaranteed CPU, disk space, and memory. This means you can install whatever you want.
Thanks for the good tips! It's true that people often purchase a hosting solution which is not really appropriate for their projects. This usually results in frequent downfall (e.g. when you have a high-traffic website, but you've purchased a simple shared hosting plan with low features). Another common situation is when a person decides that they need a dedicated server, but they do not have the needed knowledge on how to manage the server. If a website is not big enough and does not have high traffic, then purchasing a dedicated server is rather unfounded. It will just cost you a lot more money than purchasing a VPS with good specifications. When I was choosing a hosting solution for my site, I decided that it's better to directly contact a hosting provider and ask which service will best suit my needs. The support team of BGOcloud.com was really helpful and suggested me which plan will be the most appropriate one for my site.

So that’s it, then – a VPS is for everything in between, right? Well, yes…and no. A VPS (Virtual Private Server) is a flexible solution that falls in between shared and dedicated hosting, not only in price but also in the way it functions. Like a dedicated server, a site hosted on a VPS gets its own RAM and disk space; however, like a shared server, it uses the same processing capacity (CPU) as a certain number of other sites. So, while your site’s performance isn’t reliant on shared RAM and disk space, it is dependent on a shared processor. Moreover, the distribution of processor share varies from provider to provider.  The table below shows how most hosting companies break down the differences between shared, VPS, and dedicated hosting plans:
InMotion VPS hosting offers a managed server with a management and security update plan, so business owners can concentrate on the business itself, and leave the complicated matter of site management to InMotion’s team of experts. This is generally a more popular option instead of self hosting, as the majority of business owners are not computer experts, and don’t have a dedicated website manager on staff.
There are a few downsides to shared hosting, though, mostly because you’re sharing. For instance, if someone else on your shared server has a huge spike in traffic, that could affect your website’s performance. However, if you’re just getting your website off the ground and don’t have huge traffic volume, shared hosting is a great way to get online!
In answering this question, maybe it’s better to examine how VPS hosting fits in to the overall offerings of most hosting companies. Shared hosting is just that – your site is hosted on a machine with a bunch of other sites, and each of you share the same resources, including RAM, disk space, and CPU.  Your site uses what it needs if it’s available, and if it’s not – well, that’s the limitation of shared hosting. Likewise, a dedicated server is also self-explanatory –  your site is the only one hosted on server, and you have all the aforementioned resources available at your beck and call. Dedicated hosting is therefore  for those large sites with big databases and lots of traffic, whereas the limitations of shared hosting’s usually prevent it from housing that kind of site. Dedicated servers are also relatively expensive, while one can get a shared hosting plan for under $10 per month.
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