Depending on what your website will do, there are different hosting types available.
Shared hosting is ideal for small to medium websites that are stored on servers with other websites. If you don't plan to host large files like video or large amounts of images, this hosting could be right for you. It is ideal for small to medium business websites or even personal websites.
With Dedicated Hosting you are provided with your very own server allowing you to store larger files such as video, images and more. These are ideal for streaming content, large downloads and are generally faster over all since they're not shared with others.
VPS Hosting or a virtual private server (VPS) is a virtual machine sold as a service by an Internet hosting service. A VPS runs its own copy of an operating system, and customers have superuser-level access to that operating system instance, so they can install almost any software that runs on that OS.
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