diff --git a/pom.xml b/pom.xml
index d37c0f37e..cf9427ec7 100644
--- a/pom.xml
+++ b/pom.xml
@@ -1128,7 +1128,7 @@
         <javax.ws.rs.version>1.1.1</javax.ws.rs.version>
 
         <!-- Carbon Device Management -->
-        <carbon.devicemgt.version>2.0.48-SNAPSHOT</carbon.devicemgt.version>
+        <carbon.devicemgt.version>2.0.49</carbon.devicemgt.version>
         <carbon.devicemgt.version.range>[2.0.0, 3.0.0)</carbon.devicemgt.version.range>
 
         <!-- Carbon App Management -->