A Managed WordPress hosting is a hosting that's specifically designed to host WordPress websites. It helps make the site scalable, robust, and drives high performance with continuous up-time. While it is a powerful and robust solution, it might not be handy in a situation where the developer would want to integrate another CMS instead of WordPress. Hosting is an essential part of any online business.
Without the right hosting, you cannot run a successful business website. However, choosing the right hosting is a little complicated. There are many options you will come across. The most common are basic shared hosting, VPS, managed to host and to running a dedicated server.