diff --git a/pom.xml b/pom.xml
index 348c83a8..bf688faa 100644
--- a/pom.xml
+++ b/pom.xml
@@ -1517,14 +1517,14 @@
         <carbon.governance.version>4.7.8</carbon.governance.version>
 
         <!-- Carbon Device Management -->
-        <carbon.device.mgt.version>3.0.45</carbon.device.mgt.version>
+        <carbon.device.mgt.version>3.0.49</carbon.device.mgt.version>
         <carbon.device.mgt.version.range>[3.0.0, 4.0.0)</carbon.device.mgt.version.range>
 
         <!-- IOT Device Management -->
         <product.iot.version>${project.version}</product.iot.version>
 
         <!-- Carbon Device Management Plugins-->
-	    <carbon.device.mgt.plugin.version>4.0.39</carbon.device.mgt.plugin.version>
+	    <carbon.device.mgt.plugin.version>4.0.40</carbon.device.mgt.plugin.version>
 
         <!-- API Management -->
         <carbon.api.mgt.version>6.1.95</carbon.api.mgt.version>