diff --git a/README.md b/README.md
index 91540bc5..ed7817fe 100644
--- a/README.md
+++ b/README.md
@@ -117,7 +117,7 @@ You need the following permissions to run this module.
 | Name | Version |
 |------|---------|
 | <a name="requirement_terraform"></a> [terraform](#requirement\_terraform) | >= 1.0.0 |
-| <a name="requirement_ibm"></a> [ibm](#requirement\_ibm) | >= 1.48.0 |
+| <a name="requirement_ibm"></a> [ibm](#requirement\_ibm) | >= 1.49.0 |
 
 ## Modules
 
diff --git a/examples/default/version.tf b/examples/default/version.tf
index f4a775de..a47f443c 100644
--- a/examples/default/version.tf
+++ b/examples/default/version.tf
@@ -5,7 +5,7 @@ terraform {
     # Pin to the lowest provider version of the range defined in the main module's version.tf to ensure lowest version still works
     ibm = {
       source  = "IBM-Cloud/ibm"
-      version = "1.48.0"
+      version = "1.49.0"
     }
     # The tls provider is not actually required by the module itself, just this example, so OK to use ">=" here instead of locking into a version
     tls = {
diff --git a/module-metadata.json b/module-metadata.json
index 7f5c374b..9bf76ed8 100644
--- a/module-metadata.json
+++ b/module-metadata.json
@@ -357,7 +357,7 @@
     "ibm": {
       "source": "IBM-Cloud/ibm",
       "version_constraints": [
-        "\u003e= 1.48.0"
+        "\u003e= 1.49.0"
       ]
     }
   },
diff --git a/version.tf b/version.tf
index 3633e709..4219fb27 100644
--- a/version.tf
+++ b/version.tf
@@ -5,7 +5,7 @@ terraform {
     # Use "greater than or equal to" range in modules
     ibm = {
       source  = "IBM-Cloud/ibm"
-      version = ">= 1.48.0"
+      version = ">= 1.49.0"
     }
   }
 }