diff --git a/docker-compose/docker-compose.yaml b/docker-compose/docker-compose.yaml
index 38726b28d7..5891802e4e 100644
--- a/docker-compose/docker-compose.yaml
+++ b/docker-compose/docker-compose.yaml
@@ -45,7 +45,7 @@ services:
 
   otel-collector:
     platform: linux/amd64
-    image: "otel/opentelemetry-collector:0.56.0"
+    image: "otel/opentelemetry-collector:0.62.1"
     command: [ "--config=/etc/otel-collector-config.yml" ]
     volumes:
       - ./otel-collector-config.yml:/etc/otel-collector-config.yml
@@ -53,7 +53,7 @@ services:
       - "14268:14268" # jaeger http
 
   jaeger:
-    image: jaegertracing/jaeger-query:1.37.0
+    image: jaegertracing/jaeger-query:1.38.1
     environment:
       SPAN_STORAGE_TYPE: grpc-plugin
     command: [
diff --git a/docker-compose/jaeger-promscale-demo/docker-compose.yaml b/docker-compose/jaeger-promscale-demo/docker-compose.yaml
index f4eeb582f9..4aef5cec03 100644
--- a/docker-compose/jaeger-promscale-demo/docker-compose.yaml
+++ b/docker-compose/jaeger-promscale-demo/docker-compose.yaml
@@ -26,7 +26,7 @@ services:
     depends_on:
       - promscale
     restart: on-failure
-    image: jaegertracing/jaeger-query:1.37.0
+    image: jaegertracing/jaeger-query:1.38.1
     environment:
       SPAN_STORAGE_TYPE: grpc-plugin
       GRPC_STORAGE_SERVER: promscale:9202
@@ -36,7 +36,7 @@ services:
   hotrod:
     depends_on:
       - jaeger-collector
-    image: jaegertracing/example-hotrod:1.37.0
+    image: jaegertracing/example-hotrod:1.38.1
     environment:
       JAEGER_ENDPOINT: http://jaeger-collector:14268/api/traces
     ports:
@@ -46,7 +46,7 @@ services:
     depends_on:
       - promscale
     restart: on-failure
-    image: jaegertracing/jaeger-collector:1.37.0
+    image: jaegertracing/jaeger-collector:1.38.1
     environment:
       SPAN_STORAGE_TYPE: grpc-plugin
       GRPC_STORAGE_SERVER: promscale:9202
diff --git a/docker-compose/promscale-demo/docker-compose.yaml b/docker-compose/promscale-demo/docker-compose.yaml
index d91dfa50fa..c8e3888eb7 100644
--- a/docker-compose/promscale-demo/docker-compose.yaml
+++ b/docker-compose/promscale-demo/docker-compose.yaml
@@ -48,7 +48,7 @@ services:
       PROMSCALE_PKG: "docker-quick-start"
 
   collector:
-    image: "otel/opentelemetry-collector:0.56.0"
+    image: "otel/opentelemetry-collector:0.62.1"
     restart: on-failure
     command: [ "--config=/etc/otel-collector-config.yml" ]
     depends_on:
@@ -61,7 +61,7 @@ services:
       - ${PWD}/../otel-collector-config.yml:/etc/otel-collector-config.yml
 
   jaeger:
-    image: jaegertracing/jaeger-query:1.37.0
+    image: jaegertracing/jaeger-query:1.38.1
     restart: on-failure
     environment:
       SPAN_STORAGE_TYPE: grpc-plugin