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Storage (Disk Space) is the size of total files you can store on your WordPress hosting server general counted in GB. It includes every type of data & files HTML files, website pages, database, videos, Images etc.
Bandwidth is the amount of data you can to transfer to and from your WordPress server per month generally counted in GB.
Transfer includes uploading the data in server and downloading from servers from each mode both HTTP and FTP.
Important Tip-A WordPress website with videos, heavy images needs a Web hosting with high transfer and high storage. High Bandwidth would be needed with increase in web page size, the number of visitors to your WordPress website and the number of pages they visit are high.
