Ample RAM (5GB or more), e-commerce options for selling products, 24/7 customer service, and unlimited monthly data transfers are highly sought-after features, too. Many web hosts cap their dedicated monthly data transfer offerings at 16GB, which is probably fine for most users. Some web hosts offer unlimited monthly data transfers, but they are few and far between, and you need to read the terms of service very carefully to understand just what "unlimited" means to the host in question. In addition, companies that offer dedicated web hosting typically offer daily backups, security options, and malware detection and removal—all very important factors in your website's day-to-day operation.
Having your own space means having all the room to do whatever you want — and bearing all the responsibility should something go wrong. The same can be said for dedicated server hosting. Unlike shared or VPS hosting, dedicated hosts give you all the control over resource consumption, software installs, and (sometimes) network monitoring for your server, and you are solely responsible for the costs and management.
A gaming server is a dedicated server used for online games such as World of Warcraft or Minecraft. The benefit of a dedicated server for gaming is that your server is often more stable than the game client itself, which is impacted by multiple players and resources. For a smooth gaming experience that you control, a dedicated server is the way to go.