Domain names are organized in subordinate levels (subdomains) of the DNS root domain, which is nameless. The first-level set of domain names are the top-level domains (TLDs), including the generic top-level domains (gTLDs), such as the prominent domains com, info, net, edu, and org, and the country code top-level domains (ccTLDs). Below these top-level domains in the DNS hierarchy are the second-level and third-level domain names that are typically open for reservation by end-users who wish to connect local area networks to the Internet, create other publicly accessible Internet resources or run web sites.
This is a new type of hosting platform that allows customers powerful, scalable and reliable hosting based on clustered load-balanced servers and utility billing. A cloud hosted website may be more reliable than alternatives since other computers in the cloud can compensate when a single piece of hardware goes down. Also, local power disruptions or even natural disasters are less problematic for cloud hosted sites, as cloud hosting is decentralized. Cloud hosting also allows providers to charge users only for resources consumed by the user, rather than a flat fee for the amount the user expects they will use, or a fixed cost upfront hardware investment. Alternatively, the lack of centralization may give users less control on where their data is located which could be a problem for users with data security or privacy concerns.
You also want a web host with 24/7 customer support—if not by phone, then at least by chat. Forums, knowledge bases, and help tickets are all well and good, but sometimes you just need to communicate with another human to get things ironed out as quickly as possible. That said, not all 24/7 customer support teams are equal. Companies like GoDaddy and Liquid Web boast incredibly knowledgeable and helpful customer support squads—a fact that we confirmed in our in-depth reviews of those web hosting services.
I wanted to point out that you do not mention critical issues. One is that some of the Top 5 Hosting Services do not offer an e-mail account. Others charge $14.00 a year to transfer your a Domain Name and host it with them or else the domain owner does not get the hosting for free. The list of unpleasant conditions that render those top 5 Hosting Services substantially less appetizing than you painted the picture, and that list goes on and on.

Shared web hosting is the most affordable type of domain hosting available. Its affordability is due to the fact that you share a server with various companies who also want a low-cost web hosting plan. Each company that shares this server has its own specified amount of storage space that is defined by the hosting package Depending on the size of the server, you could possibly have thousands of websites hosted on the same platform, with each user receiving an allotment of the total available bandwidth, memory, and power.
Free website hosting. A more advanced and “serious” solution. While using such services, you won’t be limited as much as by using website builders. You are able to select a content management system of your choice (i.e. WordPress, Joomla, Drupal, etc.) and use the allowed resources to build your website. Examples of such services are 000webhost, Awardspace – and a few of others listed below.
Migration or transfer services are often free or offered at a reasonable fee. These services help move your existing site to the new hosting provider. They can save a huge amount of hassle. Just remember that the migration process is often automated, and may fit in with the host's processes and needs rather than yours. Not everything may migrate, and you may find the organization of the newly migrated site makes for harder maintenance in the long run.
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