Web Hosting is renting server space for storing the files of your website, web app etc. Be it a simple website or a complex web app that require API calls, you will need web hosting.

Depending on the traffic of your website, you may need shared or dedicated hosting. If your website is new and doesn't have heavy traffic yet, you may try shared hosting.

Features of shared and dedicated hosting:
Shared HostingDedicated Hosting
2000 - 3000 visits per day. 50,000 visitors monthly. More than 3000 visits per day.
Resources such as RAM, CPU are shared between websites.Resources are dedicated only for your website.
Low to average performance.High performance

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