diff --git a/recipes-ti/ipc/ipc-transport-qmss.inc b/recipes-ti/ipc/ipc-transport-qmss.inc
index 35c2111b..64692f2f 100644
--- a/recipes-ti/ipc/ipc-transport-qmss.inc
+++ b/recipes-ti/ipc/ipc-transport-qmss.inc
@@ -5,9 +5,9 @@ LIC_FILES_CHKSUM = "file://COPYING.txt;md5=27bb0deb260c60120a8d7b91da7c3b02"
 
 BRANCH="master"
 SRC_URI = "git://git.ti.com/keystone-linux/ipc-transport.git;protocol=git;branch=${BRANCH}"
-# Below commit ID corresponds to DEV.IPC-TRANSPORT.01.00.00.00
-SRCREV = "b3077467126c84b5d583dc29e13ab221064b687b"
-PV = "01.00.00.00"
+# Below commit ID corresponds to DEV.IPC-TRANSPORT.02.00.00.00
+SRCREV = "e0f99ae7bf3efc8f6a7c415af513b7c4323c5271"
+PV = "02.00.00.00"
 
 COMPATIBLE_MACHINE = "keystone"
 
diff --git a/recipes-ti/ipc/ipc-transport-srio.inc b/recipes-ti/ipc/ipc-transport-srio.inc
index e286421f..08b97686 100644
--- a/recipes-ti/ipc/ipc-transport-srio.inc
+++ b/recipes-ti/ipc/ipc-transport-srio.inc
@@ -5,9 +5,9 @@ LIC_FILES_CHKSUM = "file://COPYING.txt;md5=27bb0deb260c60120a8d7b91da7c3b02"
 
 BRANCH="master"
 SRC_URI = "git://git.ti.com/keystone-linux/ipc-transport.git;protocol=git;branch=${BRANCH}"
-# Below commit ID corresponds to DEV.IPC-TRANSPORT.01.00.00.00
-SRCREV = "b3077467126c84b5d583dc29e13ab221064b687b"
-PV = "01.00.00.00"
+# Below commit ID corresponds to DEV.IPC-TRANSPORT.02.00.00.00
+SRCREV = "e0f99ae7bf3efc8f6a7c415af513b7c4323c5271"
+PV = "02.00.00.00"
 
 COMPATIBLE_MACHINE = "keystone"