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Research house Research and Markets has added a report on called IT Spending and Trends to its offerings. After showing steady improvement during 2004, many analysts are predicting that the worldwide technology market will show moderate spending growth in 2005. Aggregated estimates suggest spending will grow between 4 percent and 8 percent this year. The report projects that IT spending will come in at the higher end of the range, between 6 percent and 8 percent. This report is for financial institutions and investors, software and hardware manufacturers as well as suppliers, purchasers, telecommunications companies and communications providers. The report examines and compares the latest forecasts on IT spending from around the world. Comparing all the available data, the authors believe that worldwide information and communications technology (ICT) spending during 2005 will come in at the high end of the range of estimates from leading IT industry research firms. There are several reasons for optimism. Geographically, steady IT investment by developing countries such as China, India and Brazil will contribute to worldwide ICT spending growth, as will the continued economic growth that is occurring in Eastern Europe and Russia. In the U.S., the mild economic recovery that is under way should help lift the global technology market, as the government continues to invest in IT and businesses loosen up their purse strings. Some studies report that IT executives would spend more on new technology if they had more funds, so there is even a hint of pent-up demand. Overall, CIOs continue to take a cautious approach to spending on emerging technologies such as VoIP and RFID, but wireless initiatives are gaining momentum as drivers of new IT investment. Surveys indicate that IT security remains a priority for most corporate CIOs, and business intelligence software and storage solutions are top-of-mind as well.