Shared Hosting

The most preferred hosting service in the world is shared web hosting or virtual hosting or derive host. In this type of hosting service the server is partitioned into several storage parts in each of which different websites reside, in short many websites reside on a single web server on the internet separate from other sites. This is generally the most economical option for hosting as many people share the overall cost of server maintenance.

Shared web hosting allows small and medium sized businesses to build and manage a website without a detailed knowledge of servers, email, or databases.

Advantages:
Ease of usage. Advanced control panels to manage your hosting accounts.
Very Low cost solutions.
Sharing of advanced programming components by multiple websites. Price distributed among all the websites on shared hosting web server.

Dis-advantages:
Most shared hosting accounts do not properly support secure websites.
Accounts share all hardware resources with "soft" limits imposed by monitoring software (shared hosting servers are notoriously over-sold, often to the detriment of individual accounts).
Shared hosting is inherently difficult to secure completely. Your website is vlunerable with the softwares installed on other shared hosting websites.
Limited ability to host your own components on shared environment.