diff --git a/pom.xml b/pom.xml
index c94dec6f50..0a1d493e8a 100644
--- a/pom.xml
+++ b/pom.xml
@@ -1166,7 +1166,7 @@
     <properties>
 
         <!-- Carbon Device Management -->
-        <io.entgra.device.mgt.core.version>5.0.39-SNAPSHOT</io.entgra.device.mgt.core.version>
+        <io.entgra.device.mgt.core.version>5.0.40-SNAPSHOT</io.entgra.device.mgt.core.version>
         <io.entgra.device.mgt.core.version.range>[5.0.0, 6.0.0)</io.entgra.device.mgt.core.version.range>
 
         <!-- Carbon Device Management Plugins -->