Dedicated Hosting is a hosting service where a server is used by 1 account (or 1 website, 1 customer) only. The advantage is better performance and privacy, because the server is not used by third parties. The disadvantage is the higher price. Dedicated Hosting consists of Colocation (where the machine is provided by the client himself and placed in the hosting provider's data center) and Dedicated Server (where the machine is provided by the hosting provider).
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