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Target Audience vs Target Market

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A target audience is a target for communications, media, entertainment, information or advertising.
A target market is a target customer for products and services.

The Difference

A target audience pertains to media, information, entertainment and messages such as advertisements. It may be focused on the content of a message such as a story that will appeal to a particular demographic.
A target market is an identified group of customers for a product or service. This may be used to define the strategy and design of products, services and brands.

The Similarities

Marketing teams may use different but overlapping target markets and target audiences. The target market defines product development, distribution, pricing and branding. The target audience defines promotion and advertising.

Example

An insurance company has a target market of all drivers with a reasonable risk rating in the 12 states in which it operates. The company breaks this target market into four target audiences with different advertising for new drivers, families, corporate customers and drivers over 55.
Target Audience vs Target Market
Target Audience
Target Market
Definition
A target for communications, media, entertainment, information or advertising.
A target customer for products and services.

Communication

This is the complete list of articles we have written about communication.
Action Plan
Ad Hominem
Analogy
Barriers
Anticipating Objections
Body Language
Building Trust
Business Comm.
Candor
Comm. Process
Criticism
Civil Inattention
Devils Advocate
Direct Language
Comm. Channels
Discourse
Comm. Complexity
Dumbing Down
Comm. Context
Echo Chamber
Comm. Design
Explanation
Comm. Issues
Face-to-Face
Gatekeeping
Comm. Objectives
Ground Rules
Comm. Plan
High Context
Comm. Problems
Jargon
Labeling
Comm. Skills
Listening
Comm. Style
Low Context
Consensus Building
Media Bias
Medium
Message Framing
Methods
Digital Comm.
Moot Point
Noise
Non-Example
Nudge Theory
External Comm.
Objectivity
Plain Language
Feedback
Positive Criticism
Formal Comm.
Rationale
Rhetorical Question
Self Monitoring
Hypothetical Question
Storytelling
Informal Comm.
Verbal
Information Design
Interactive Media
Internal Comm.
Mass Comm.
Media
Media Studies
Networking
Nonverbal Comm.
Open-Ended Question
Overcommunication
Persuasion
Shared Meaning
Small Talk
Social Comm.
Social Cues
Strategic Comm.
Tag Question
Tagline
Target Audience
Thought Experiment
Tone Of Text
Touching Base
Understatement
View From Nowhere
Word Of Mouth
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A few common types of analogy.

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Understatement as a storytelling and communication technique.

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The common types of tagline.

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Target Audience

Common types of target audience.

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A definition of communication objectives with examples.

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A definition of public relations with examples.

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A list of promotion techniques.

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A definition of product diffusion with examples.

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A list of marketing promotion terms.

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An overview of six degrees of separation.

Attention Economics

The study of human attention as a scarce resource.

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Communication Channels

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