diff --git a/dependencyManagement/build.gradle.kts b/dependencyManagement/build.gradle.kts
index 225512958..e973f703e 100644
--- a/dependencyManagement/build.gradle.kts
+++ b/dependencyManagement/build.gradle.kts
@@ -2,7 +2,7 @@ plugins {
   `java-platform`
 }
 
-val otelVersion = "1.44.1"
+val otelVersion = "1.45.0"
 val otelAlphaVersion = otelVersion.replaceFirst("(-SNAPSHOT)?$".toRegex(), "-alpha$1")
 val otelInstrumentationVersion = "2.11.0-SNAPSHOT"
 val otelInstrumentationAlphaVersion =  otelInstrumentationVersion.replaceFirst("(-SNAPSHOT)?$".toRegex(), "-alpha$1")
diff --git a/licenses/licenses.md b/licenses/licenses.md
index 342327933..fb795669c 100644
--- a/licenses/licenses.md
+++ b/licenses/licenses.md
@@ -1,7 +1,7 @@
 
 # splunk-otel-javaagent
 ## Dependency License Report
-_2024-12-05 15:43:35 EET_
+_2024-12-09 09:43:19 EET_
 ## Apache License, Version 2.0
 
 **1** **Group:** `com.squareup.okhttp3` **Name:** `okhttp` **Version:** `4.12.0` 
@@ -17,55 +17,55 @@ _2024-12-05 15:43:35 EET_
 > - **POM Project URL**: [https://github.com/square/okio/](https://github.com/square/okio/)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**4** **Group:** `io.opentelemetry` **Name:** `opentelemetry-api` **Version:** `1.44.1` 
+**4** **Group:** `io.opentelemetry` **Name:** `opentelemetry-api` **Version:** `1.45.0` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**5** **Group:** `io.opentelemetry` **Name:** `opentelemetry-api-incubator` **Version:** `1.44.1-alpha` 
+**5** **Group:** `io.opentelemetry` **Name:** `opentelemetry-api-incubator` **Version:** `1.45.0-alpha` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**6** **Group:** `io.opentelemetry` **Name:** `opentelemetry-context` **Version:** `1.44.1` 
+**6** **Group:** `io.opentelemetry` **Name:** `opentelemetry-context` **Version:** `1.45.0` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**7** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-common` **Version:** `1.44.1` 
+**7** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-common` **Version:** `1.45.0` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**8** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-otlp` **Version:** `1.44.1` 
+**8** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-otlp` **Version:** `1.45.0` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**9** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-otlp-common` **Version:** `1.44.1` 
+**9** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-otlp-common` **Version:** `1.45.0` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**10** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-sender-okhttp` **Version:** `1.44.1` 
+**10** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-sender-okhttp` **Version:** `1.45.0` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**11** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk` **Version:** `1.44.1` 
+**11** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk` **Version:** `1.45.0` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**12** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-common` **Version:** `1.44.1` 
+**12** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-common` **Version:** `1.45.0` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**13** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-extension-autoconfigure-spi` **Version:** `1.44.1` 
+**13** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-extension-autoconfigure-spi` **Version:** `1.45.0` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**14** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-logs` **Version:** `1.44.1` 
+**14** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-logs` **Version:** `1.45.0` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**15** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-metrics` **Version:** `1.44.1` 
+**15** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-metrics` **Version:** `1.45.0` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**16** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-trace` **Version:** `1.44.1` 
+**16** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-trace` **Version:** `1.45.0` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)