Bottom line, managed WordPress hosting is hassle free fast WordPress hosting with high-quality support from staff with lots of WordPress experience. While all this sounds amazing, the plans for managed WordPress hosting is usually on the higher end of the scale. For example a personal account with a popular managed WordPress hosting provider costs $29/month where you can only host 1 site (getting maximum of 25,000 visitors per month). The next level higher where you are allowed multiple domains will cost you $99/month. A person starting out a blog cannot afford this.
You also need to consider how long you'll need WordPress web hosting. If it's a short-term project—say, less than a month or two—you'll typically receive a refund should you cancel your hosting within 60 days. Some companies offer 30-day money-back guarantees, while others offer 90-day money-back guarantees. Once again, it's beneficial to do your homework.
Dedicated server is a physical server that you can lease from the hosting provider. This allows you to have full control over the server including the choice of operating system, hardware etc. You DO NOT need a dedicated server if you are just starting out. Once your site is receiving a significant amount of traffic, only then you should consider upgrading to a dedicated server. WPBeginner runs on a dedicated server by HostGator. If you do not employ a system administrator or have no experience with servers, then we recommend that you get a managed dedicated server. WordPress hosting providers who offer managed dedicated servers employ full-time system administrators that maintain your servers. Along with doing software updates, they also do server monitoring, offer phone support etc. Most top websites use clusters of dedicated servers.