First of all vps hostinghas similar characteristics to shared hosting and dedicated servers. However it is widely regarded as being the middle ground between the shared hosting and dedicated servers. Unlike shared hosting, you need not share resources and applications with other users. You also get to exercise maximum control by conducting systems management, configuration, and installation of software and so on.
The great thing about VPS is that it can be partitioned into numerous servers therefore enabling the user to access them such that each will be capable of running on its own. It is highly efficient and guarantees maximum security and functionality. VPS is also able to handle high traffic and the user can diversify its functions. You can configure it to a level which your hardware can handle, without stretching its limit. Another basic feature is that you enjoy your individual space without sharing it with other users. It is like enjoying a private server.