To all context, yes will be. Back in the days, heavy websites with growing traffic had to resort to a dedicated server with powerful hardware and abundant resources to sustain website performance. This brings more cost and makes an expensive option for many small and medium-scaled online businesses. However, as cloud technologies evolving, new hosting options are coming too.
Cloud hosting is just as good as a dedicated server but with a pay-as-you-go pricing model where the tenant only needs to pay for the resources they use. And when they require more resources, the cloud server auto-scales. Essentially, the website gets everything it needs from the cloud environment, and the people pay only for what their website consumes in order to sustain performance. This can, however, vary depending on the nature of the web host and the hosting package.
The bottom line is that the cloud is the future and with its evolution, more useful products and features will be launched which will not only cut down cost but cater our future needs.