diff --git a/Gemfile b/Gemfile
index ca32d0cca18..136d074d331 100644
--- a/Gemfile
+++ b/Gemfile
@@ -107,7 +107,7 @@ gem 'private_address_check', '~> 0.5'
 gem 'opentelemetry-api', '~> 1.2.5'
 
 group :opentelemetry do
-  gem 'opentelemetry-exporter-otlp', '~> 0.26.3', require: false
+  gem 'opentelemetry-exporter-otlp', '~> 0.27.0', require: false
   gem 'opentelemetry-instrumentation-active_job', '~> 0.7.1', require: false
   gem 'opentelemetry-instrumentation-active_model_serializers', '~> 0.20.1', require: false
   gem 'opentelemetry-instrumentation-concurrent_ruby', '~> 0.21.2', require: false
diff --git a/Gemfile.lock b/Gemfile.lock
index bf5340a5b03..9ad9deacfbf 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -489,7 +489,7 @@ GEM
     opentelemetry-api (1.2.5)
     opentelemetry-common (0.20.1)
       opentelemetry-api (~> 1.0)
-    opentelemetry-exporter-otlp (0.26.3)
+    opentelemetry-exporter-otlp (0.27.0)
       google-protobuf (~> 3.14)
       googleapis-common-protos-types (~> 1.3)
       opentelemetry-api (~> 1.1)
@@ -978,7 +978,7 @@ DEPENDENCIES
   omniauth-saml (~> 2.0)
   omniauth_openid_connect (~> 0.6.1)
   opentelemetry-api (~> 1.2.5)
-  opentelemetry-exporter-otlp (~> 0.26.3)
+  opentelemetry-exporter-otlp (~> 0.27.0)
   opentelemetry-instrumentation-active_job (~> 0.7.1)
   opentelemetry-instrumentation-active_model_serializers (~> 0.20.1)
   opentelemetry-instrumentation-concurrent_ruby (~> 0.21.2)