PUNE, India, December 1, 2016 /PRNewswire/ -- According to a new market research report " Telehealth Market by Component (Hardware (Blood Glucose Monitors), Software (Integrated), Services (Remote Monitoring, Real-time Interactions)), End User (Providers, Payers, Patients), & Mode of Delivery (Web, Cloud)) - Global Forecast to 2021" published by MarketsandMarkets, the global market is expected to reach USD 9.35 Billion by 2021 from USD 2.78 Billion in 2016, growing at a CAGR of 27.5%. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 130 market data Tables and 41 Figures spread through 208 Pages and in-depth TOC on"Telehealth Market"http://www.marketsandmarkets.com/Market-Reports/telehealth-market-201868927.htmlEarly buyers will receive 10% customization on this report. This report studies the global Telehealth Market for the forecast period of 2016 to 2021. The market is segmented on the basis of component, mode of delivery, end user, and region. By component, the Telehealth Market is categorized into services, software, and hardware. The services segment is expected to command the largest share of the global Telehealth Market, by component in 2016. This is attributed to factors such as increasing adoption of remote monitoring solutions by patients in remote rural areas, technological advancements in telecommunication, and introduction of ACA and similar legislations in the U.S. The software segment, on the other hand, is an integral part of telehealth solutions and works as an interface between the database and end users. Owing to this, the software segment is expected to witness the highest growth in the forecast period. Speak to our research experts:http://www.marketsandmarkets.com/speaktoanalyst.asp?id=201868927 On the basis of end users, the global Telehealth Market is segmented into providers, payers, patients, and other end users (employer groups and government bodies). In 2016, the providers segment is estimated to account for the largest share of the global Telehealth Market, by end user. This can be attributed to the implementation of the Affordable Care Act and Hospital Readmissions Reduction Program in the U.S. (which is aimed at lowering healthcare costs by making use of novel solutions such as telehealth) as well as the high demand for telehealth solutions among healthcare providers owing to various benefits offered by these solutions.