diff --git a/requirements/requirements.txt b/requirements/requirements.txt
index fab2e63e..5b5bf910 100644
--- a/requirements/requirements.txt
+++ b/requirements/requirements.txt
@@ -11,5 +11,5 @@ pathvalidate>=2.5.0
 simplejson==3.18.*
 ipython==8.7.*
 ote-sdk @ git+https://github.com/openvinotoolkit/training_extensions/@releases/v0.3.1-geti1.0.0#egg=ote-sdk&subdirectory=ote_sdk
-openvino==2022.2.0
+openvino==2022.3.0
 openmodelzoo-modelapi @ git+https://github.com/openvinotoolkit/open_model_zoo/@releases/2022/2#egg=openmodelzoo-modelapi&subdirectory=demos/common/python