diff --git a/GITALY_SERVER_VERSION b/GITALY_SERVER_VERSION
index a758a09aae5ea83bb2ad53754dd2e90d903c8a10..fbaaafa001b80cdf8515d5b69167aaf4fd997b3a 100644
--- a/GITALY_SERVER_VERSION
+++ b/GITALY_SERVER_VERSION
@@ -1 +1 @@
-0.48.0
+0.49.0
\ No newline at end of file