Confused Between Cloud & Shared Hosting?

Features

Cloud Hosting Shared Hosting
Ideal Use case Medium to heavy traffic blog, growing e-commerce businesses, dynamic content, etc. Low traffic e-commerce/ product catalogue, static content, low traffic blog, etc.
Concurrent Website Visitors (Recommended) 25000+ 5000 -10000
Nature of Resources Shared Shared
cPanel Included  yes  yes
Varnish Cache  yes  yes
Free Website Migrations  yes  yes
Data recovery in case of hardware failure  yes  no
Upgrade CPU and RAM instantly  yes  no