Before you proceed for making your decisions finalized for your new web hosting account its must for you to first make your decisions clear that from range of shared hosting and dedicated hosting which one might fit more better for your needs or requirements.
A shared hosting account is more or less a piece of bread from its whole package in the sense that shared hosting account is a small hosting quota assigned to your web hosting requirements from a giant vps or dedicated hosting account. Shared hosting accounts are mostly preferred by new comers in web area or websites having low system requirements which can be run on same web server along with other website hosted on same platform.
Only bad thing in shared hosting account is this that shared hosting account will not give you a wide room of full dedicated server's system resources to be used specially for your website only as a shared hosting account is been offered on a dedicated server simultaneously hosted with other websites thus shared hosting account holder get more restriction of system resources and forceful terms of services due to nature of the hosting account to use low system resources as your web hosting service provider can't down other people's websites on the server just because your website needs more system resources to make it running.
Shared hosting accounts are best fit for you if you are tight to your budget / spending powers as shared hosting accounts normally been offered in range of a cigarette package a month which can be easily affordable by anyone in the world after all you need to pay for sure no matters small amount of big bucks as you are going to take someone's professional services as a web hosting provider.
A dedicated server is been called as own server for own website. Mean to say if you have a dedicated server then you can use the full room of the system resources of your machine just for your website and without any forceful restrictions or terms of service to use the system resources as dedicated server mean you are in lease with your web hosting provider not for a small hosting account but for a big full machine itself thus it no matters then for your web hosting service provider that how much system resources your website is going to take as you own the full machine thus you are the direct/in-direct owner to the machine itself to be used for anything you want.
Dedicated servers cost are 100 times higher to shared hosting account thus normally dedicated server is been preferred by professionals having websites with huge amount of traffic or requirement of better system with big storage or system resources. So, next time you going to host a new website you can read the above few lines to make sure that you host your website on better platform.