diff --git a/Cargo.lock b/Cargo.lock
index 2b81d57d0d72c..b8ef196174be7 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1908,6 +1908,17 @@ dependencies = [
  "num_cpus",
 ]
 
+[[package]]
+name = "dashmap"
+version = "5.0.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "b799062aaf67eb976af3bdca031ee6f846d2f0a5710ddbb0d2efee33f3cc4760"
+dependencies = [
+ "cfg-if 1.0.0",
+ "num_cpus",
+ "parking_lot",
+]
+
 [[package]]
 name = "data-encoding"
 version = "2.3.2"
@@ -2443,7 +2454,7 @@ dependencies = [
  "chrono",
  "crc",
  "criterion",
- "dashmap",
+ "dashmap 5.0.0",
  "flate2",
  "futures 0.3.18",
  "glob",
@@ -2824,7 +2835,7 @@ version = "0.3.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "06c5d2f987ee8f6dff3fa1a352058dc59b990e447e4c7846aa7d804971314f7b"
 dependencies = [
- "dashmap",
+ "dashmap 4.0.2",
  "futures 0.3.18",
  "futures-timer",
  "no-std-compat",
@@ -4091,7 +4102,7 @@ dependencies = [
  "atomic-shim",
  "crossbeam-epoch 0.9.5",
  "crossbeam-utils 0.8.5",
- "dashmap",
+ "dashmap 4.0.2",
  "hashbrown 0.11.2",
  "indexmap",
  "metrics",
@@ -7922,7 +7933,7 @@ version = "0.1.0"
 dependencies = [
  "ansi_term",
  "criterion",
- "dashmap",
+ "dashmap 5.0.0",
  "mock_instant",
  "tracing 0.1.29",
  "tracing-core 0.1.21",
@@ -8356,7 +8367,7 @@ dependencies = [
  "criterion",
  "crossterm 0.21.0",
  "csv",
- "dashmap",
+ "dashmap 5.0.0",
  "data-encoding",
  "datadog-filter",
  "datadog-filter-test",
diff --git a/Cargo.toml b/Cargo.toml
index 27eb7db206c4d..1fc1386833331 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -221,7 +221,7 @@ chrono = { version = "0.4.19", default-features = false, features = ["serde"] }
 cidr-utils = { version = "0.5.5", default-features = false }
 csv = { version = "1.1", optional = true }
 colored = { version = "2.0.0", default-features = false }
-dashmap = { version = "4.0.2", default-features = false }
+dashmap = { version = "5.0.0", default-features = false }
 derivative = { version = "2.2.0", default-features = false }
 dirs-next = { version = "2.0.0", default-features = false, optional = true }
 dyn-clone = { version = "1.0.4", default-features = false }
diff --git a/lib/file-source/Cargo.toml b/lib/file-source/Cargo.toml
index 739aa3a21b946..793bcbd9304f5 100644
--- a/lib/file-source/Cargo.toml
+++ b/lib/file-source/Cargo.toml
@@ -31,7 +31,7 @@ default-features = false
 features = ["clock", "serde"]
 
 [dependencies.dashmap]
-version = "4.0"
+version = "5.0"
 default-features = false
 features = []
 
diff --git a/lib/tracing-limit/Cargo.toml b/lib/tracing-limit/Cargo.toml
index b6c11de5afbc8..9fd143058b788 100644
--- a/lib/tracing-limit/Cargo.toml
+++ b/lib/tracing-limit/Cargo.toml
@@ -10,7 +10,7 @@ license = "MPL-2.0"
 ansi_term = { version = "0.12", default-features = false }
 tracing-core = { version = "0.1", default-features = false }
 tracing-subscriber = { version = "0.2.25", default-features = false }
-dashmap = { version = "4", default-features = false }
+dashmap = { version = "5", default-features = false }
 
 [dev-dependencies]
 criterion = "0.3"