diff --git a/include/librealsense2/rs.h b/include/librealsense2/rs.h
index e0bc96d8c5..d52fa9eb5f 100644
--- a/include/librealsense2/rs.h
+++ b/include/librealsense2/rs.h
@@ -23,8 +23,8 @@ extern "C" {
 #include "h/rs_sensor.h"
 
 #define RS2_API_MAJOR_VERSION    2
-#define RS2_API_MINOR_VERSION    33
-#define RS2_API_PATCH_VERSION    1
+#define RS2_API_MINOR_VERSION    34
+#define RS2_API_PATCH_VERSION    0
 #define RS2_API_BUILD_VERSION    0
 
 #ifndef STRINGIFY
diff --git a/package.xml b/package.xml
index 5827c2526e..1293b682f6 100644
--- a/package.xml
+++ b/package.xml
@@ -7,7 +7,7 @@
 <package format="2">
   <name>librealsense2</name>
   <!-- The version tag needs to be updated with each new release of librealsense -->
-  <version>2.33.1</version>
+  <version>2.34.0</version>
   <description>
   Library for capturing data from the Intel(R) RealSense(TM) SR300, D400 Depth cameras and T2xx Tracking devices. This effort was initiated to better support researchers, creative coders, and app developers in domains such as robotics, virtual reality, and the internet of things. Several often-requested features of RealSense(TM); devices are implemented in this project.
   </description>