Baseline vs Benchmark Testing

Baseline testing is the process of running a set of tests to capture performance information. whereas Benchmark testing is the process of comparing application performancewith respect to industry standard that is given by some other organization.
Baseline Testing:When an application is tested for the first time, we capture the performance metrics like response time, throughput, CPU utilisation etc and use it as a Baseline is a for future tests to compare with.
Benchmark Testing: Benchmark testing is used to test and verify the application performance against industry standerds.