diff --git a/bundles/org.openhab.io.metrics/pom.xml b/bundles/org.openhab.io.metrics/pom.xml
index 8ab50ffd9ab..a7794e2fcfb 100644
--- a/bundles/org.openhab.io.metrics/pom.xml
+++ b/bundles/org.openhab.io.metrics/pom.xml
@@ -15,8 +15,8 @@
   <name>openHAB Add-ons :: Bundles :: IO :: Metrics Service</name>
 
   <properties>
-    <micrometer.version>1.6.3</micrometer.version>
-    <bnd.importpackage>io.micrometer.core.*;resolution:=optional;ch.qos.logback.*;resolution:=optional,com.codahale.*;resolution:=optional,com.github.benmanes.caffeine.*;resolution:=optional;com.mongodb.*;resolution:=optional,com.netflix.*;resolution:=optional;com.sun.management.*;resolution:=optional,io.netty.*;resolution:=optional;javax.annotation.meta.*;resolution:=optional,javax.cache.*;resolution:=optional,javax.persistence.*;resolution:=optional,net.sf.ehcache.*;resolution:=optional,okhttp3.*;resolution:=optional,org.apache.catalina.*;resolution:=optional,org.apache.http.*;resolution:=optional,org.apache.kafka.*;resolution:=optional,org.apache.logging.*;resolution:=optional,org.aspectj.*;resolution:=optional,org.hibernate.*;resolution:=optional,org.jooq.*;resolution:=optional,org.reactivestreams.*;resolution:=optional,reactor.*;resolution:=optional,rx.*;resolution:=optional</bnd.importpackage>
+    <micrometer.version>1.14.5</micrometer.version>
+    <bnd.importpackage>io.micrometer.core.*;resolution:=optional;io.prometheus.client.exemplars.tracer.*;resolution:=optional;resolution:=optional;io.prometheus.metrics.tracer.*;resolution:=optional;io.opentelemetry.*;resolution:=optional;ch.qos.logback.*;resolution:=optional,com.codahale.*;resolution:=optional,com.github.benmanes.caffeine.*;resolution:=optional;com.mongodb.*;resolution:=optional,com.netflix.*;resolution:=optional;com.sun.management.*;resolution:=optional,io.netty.*;resolution:=optional;javax.annotation.meta.*;resolution:=optional,javax.cache.*;resolution:=optional,javax.persistence.*;resolution:=optional,net.sf.ehcache.*;resolution:=optional,okhttp3.*;resolution:=optional,org.apache.catalina.*;resolution:=optional,org.apache.http.*;resolution:=optional,org.apache.kafka.*;resolution:=optional,org.apache.logging.*;resolution:=optional,org.aspectj.*;resolution:=optional,org.hibernate.*;resolution:=optional,org.jooq.*;resolution:=optional,org.reactivestreams.*;resolution:=optional,reactor.*;resolution:=optional,rx.*;resolution:=optional</bnd.importpackage>
   </properties>
 
   <dependencies>
@@ -30,7 +30,7 @@
     <dependency>
       <groupId>org.hdrhistogram</groupId>
       <artifactId>HdrHistogram</artifactId>
-      <version>2.1.12</version>
+      <version>2.2.2</version>
       <scope>compile</scope>
     </dependency>
     <dependency>
@@ -48,7 +48,7 @@
     <dependency>
       <groupId>io.dropwizard.metrics</groupId>
       <artifactId>metrics-jmx</artifactId>
-      <version>4.0.7</version>
+      <version>4.2.30</version>
       <scope>compile</scope>
     </dependency>
     <dependency>
@@ -63,18 +63,6 @@
       <version>${micrometer.version}</version>
       <scope>compile</scope>
     </dependency>
-    <dependency>
-      <groupId>io.prometheus</groupId>
-      <artifactId>simpleclient_common</artifactId>
-      <version>0.9.0</version>
-      <scope>compile</scope>
-    </dependency>
-    <dependency>
-      <groupId>io.prometheus</groupId>
-      <artifactId>simpleclient</artifactId>
-      <version>0.9.0</version>
-      <scope>compile</scope>
-    </dependency>
     <dependency>
       <groupId>io.micrometer</groupId>
       <artifactId>micrometer-registry-influx</artifactId>
@@ -87,6 +75,37 @@
         </exclusion>
       </exclusions>
     </dependency>
+    <dependency>
+      <groupId>io.micrometer</groupId>
+      <artifactId>micrometer-commons</artifactId>
+      <version>${micrometer.version}</version>
+      <scope>compile</scope>
+    </dependency>
+    <dependency>
+      <groupId>io.prometheus</groupId>
+      <artifactId>prometheus-metrics-core</artifactId>
+      <version>1.3.6</version>
+    </dependency>
+    <dependency>
+      <groupId>io.prometheus</groupId>
+      <artifactId>prometheus-metrics-model</artifactId>
+      <version>1.3.6</version>
+    </dependency>
+    <dependency>
+      <groupId>io.prometheus</groupId>
+      <artifactId>prometheus-metrics-config</artifactId>
+      <version>1.3.6</version>
+    </dependency>
+    <dependency>
+      <groupId>io.prometheus</groupId>
+      <artifactId>prometheus-metrics-exposition-formats</artifactId>
+      <version>1.3.6</version>
+    </dependency>
+    <dependency>
+      <groupId>io.prometheus</groupId>
+      <artifactId>prometheus-metrics-exposition-textformats</artifactId>
+      <version>1.3.6</version>
+    </dependency>
     <dependency>
       <groupId>org.openhab.core.bundles</groupId>
       <artifactId>org.openhab.core.io.rest</artifactId>
diff --git a/bundles/org.openhab.io.metrics/src/main/java/org/openhab/io/metrics/MetricsRestController.java b/bundles/org.openhab.io.metrics/src/main/java/org/openhab/io/metrics/MetricsRestController.java
index d409538f53b..66ed804fc23 100644
--- a/bundles/org.openhab.io.metrics/src/main/java/org/openhab/io/metrics/MetricsRestController.java
+++ b/bundles/org.openhab.io.metrics/src/main/java/org/openhab/io/metrics/MetricsRestController.java
@@ -43,8 +43,8 @@ import org.slf4j.Logger;
 import org.slf4j.LoggerFactory;
 
 import io.micrometer.core.instrument.composite.CompositeMeterRegistry;
-import io.micrometer.prometheus.PrometheusConfig;
-import io.micrometer.prometheus.PrometheusMeterRegistry;
+import io.micrometer.prometheusmetrics.PrometheusConfig;
+import io.micrometer.prometheusmetrics.PrometheusMeterRegistry;
 import io.swagger.v3.oas.annotations.Operation;
 import io.swagger.v3.oas.annotations.media.Content;
 import io.swagger.v3.oas.annotations.media.Schema;
diff --git a/bundles/org.openhab.io.metrics/src/main/java/org/openhab/io/metrics/exporters/InfluxMetricsExporter.java b/bundles/org.openhab.io.metrics/src/main/java/org/openhab/io/metrics/exporters/InfluxMetricsExporter.java
index 1e3b9e0b50a..ba170e8c029 100644
--- a/bundles/org.openhab.io.metrics/src/main/java/org/openhab/io/metrics/exporters/InfluxMetricsExporter.java
+++ b/bundles/org.openhab.io.metrics/src/main/java/org/openhab/io/metrics/exporters/InfluxMetricsExporter.java
@@ -86,7 +86,6 @@ public class InfluxMetricsExporter extends MetricsExporter {
             }
 
             @Override
-            @io.micrometer.core.lang.Nullable
             @Nullable
             public String get(@Nullable String k) {
                 return null; // accept the rest of the defaults
diff --git a/bundles/org.openhab.io.metrics/src/main/java/org/openhab/io/metrics/exporters/JmxMetricsExporter.java b/bundles/org.openhab.io.metrics/src/main/java/org/openhab/io/metrics/exporters/JmxMetricsExporter.java
index 1c3b0d34623..053cf343120 100644
--- a/bundles/org.openhab.io.metrics/src/main/java/org/openhab/io/metrics/exporters/JmxMetricsExporter.java
+++ b/bundles/org.openhab.io.metrics/src/main/java/org/openhab/io/metrics/exporters/JmxMetricsExporter.java
@@ -57,7 +57,6 @@ public class JmxMetricsExporter extends MetricsExporter {
     private JmxConfig getJmxConfig() {
         return new JmxConfig() {
             @Override
-            @io.micrometer.core.lang.Nullable
             @Nullable
             public String get(@Nullable String k) {
                 return null; // accept the rest of the defaults