diff --git a/.bazelrc b/.bazelrc
index 4e87c7c9e0..01a3b4c7bb 100644
--- a/.bazelrc
+++ b/.bazelrc
@@ -4,9 +4,17 @@
 # bazel configurations for running tests under sanitizers.
 # Based on https://github.com/bazelment/trunk/blob/master/tools/bazel.rc
 
+# Enable automatic configs based on platform
+common --enable_platform_specific_config
+
 # Needed by gRPC to build on some platforms.
 build --copt -DGRPC_BAZEL_BUILD
 
+# Set minimum supported C++ version
+build:macos --host_cxxopt=-std=c++14 --cxxopt=-std=c++14
+build:linux --host_cxxopt=-std=c++14 --cxxopt=-std=c++14
+build:windows --host_cxxopt=/std:c++14 --cxxopt=/std:c++14
+
 # --config=asan : Address Sanitizer.
 common:asan --copt -DADDRESS_SANITIZER
 common:asan --copt -fsanitize=address,bool,float-cast-overflow,integer-divide-by-zero,null,return,returns-nonnull-attribute,shift-exponent,signed-integer-overflow,unreachable,vla-bound
@@ -25,4 +33,3 @@ common:tsan --cc_output_directory_tag=tsan
 # This is needed to address false positive problem with abseil.The same setting as gRPC
 # https://github.com/google/sanitizers/issues/953
 common:tsan --test_env=TSAN_OPTIONS=report_atomic_races=0
-
diff --git a/bazel/repository.bzl b/bazel/repository.bzl
index 2abdca87ce..b26479b015 100644
--- a/bazel/repository.bzl
+++ b/bazel/repository.bzl
@@ -34,10 +34,10 @@ def opentelemetry_cpp_deps():
     maybe(
         http_archive,
         name = "com_github_google_benchmark",
-        sha256 = "6430e4092653380d9dc4ccb45a1e2dc9259d581f4866dc0759713126056bc1d7",
-        strip_prefix = "benchmark-1.7.1",
+        sha256 = "6bc180a57d23d4d9515519f92b0c83d61b05b5bab188961f36ac7b06b0d9e9ce",
+        strip_prefix = "benchmark-1.8.3",
         urls = [
-            "https://github.com/google/benchmark/archive/v1.7.1.tar.gz",
+            "https://github.com/google/benchmark/archive/v1.8.3.tar.gz",
         ],
     )
 
@@ -46,10 +46,10 @@ def opentelemetry_cpp_deps():
     maybe(
         http_archive,
         name = "com_google_googletest",
-        sha256 = "ad7fdba11ea011c1d925b3289cf4af2c66a352e18d4c7264392fead75e919363",
-        strip_prefix = "googletest-1.13.0",
+        sha256 = "8ad598c73ad796e0d8280b082cebd82a630d73e73cd3c70057938a6501bba5d7",
+        strip_prefix = "googletest-1.14.0",
         urls = [
-            "https://github.com/google/googletest/archive/v1.13.0.tar.gz",
+            "https://github.com/google/googletest/archive/v1.14.0.tar.gz",
         ],
     )
 
@@ -112,9 +112,9 @@ def opentelemetry_cpp_deps():
         http_archive,
         name = "github_nlohmann_json",
         build_file = "@io_opentelemetry_cpp//bazel:nlohmann_json.BUILD",
-        sha256 = "e5c7a9f49a16814be27e4ed0ee900ecd0092bfb7dbfca65b5a421b774dccaaed",
+        sha256 = "a22461d13119ac5c78f205d3df1db13403e58ce1bb1794edc9313677313f4a9d",
         urls = [
-            "https://github.com/nlohmann/json/releases/download/v3.11.2/include.zip",
+            "https://github.com/nlohmann/json/releases/download/v3.11.3/include.zip",
         ],
     )
 
@@ -122,10 +122,10 @@ def opentelemetry_cpp_deps():
     maybe(
         http_archive,
         name = "com_github_jupp0r_prometheus_cpp",
-        sha256 = "397544fe91e183029120b4eebcfab24ed9ec833d15850aae78fd5db19062d13a",
-        strip_prefix = "prometheus-cpp-1.1.0",
+        sha256 = "48dbad454d314b836cc667ec4def93ec4a6e4255fc8387c20cacb3b8b6faee30",
+        strip_prefix = "prometheus-cpp-1.2.4",
         urls = [
-            "https://github.com/jupp0r/prometheus-cpp/archive/refs/tags/v1.1.0.tar.gz",
+            "https://github.com/jupp0r/prometheus-cpp/archive/refs/tags/v1.2.4.tar.gz",
         ],
     )
 
diff --git a/ci/do_ci.sh b/ci/do_ci.sh
index 9ea7ac6bc3..3da87e587d 100755
--- a/ci/do_ci.sh
+++ b/ci/do_ci.sh
@@ -25,7 +25,7 @@ function run_benchmarks
 
   [ -z "${BENCHMARK_DIR}" ] && export BENCHMARK_DIR=$HOME/benchmark
   mkdir -p $BENCHMARK_DIR
-  bazel $BAZEL_STARTUP_OPTIONS build --host_cxxopt=-std=c++14 --cxxopt=-std=c++14 $BAZEL_OPTIONS_ASYNC -c opt -- \
+  bazel $BAZEL_STARTUP_OPTIONS build $BAZEL_OPTIONS_ASYNC -c opt -- \
     $(bazel query 'attr("tags", "benchmark_result", ...)')
   echo ""
   echo "Benchmark results in $BENCHMARK_DIR:"
@@ -70,7 +70,7 @@ echo "make command: ${MAKE_COMMAND}"
 echo "IWYU option: ${IWYU}"
 
 BAZEL_OPTIONS_DEFAULT="--copt=-DENABLE_METRICS_EXEMPLAR_PREVIEW"
-BAZEL_OPTIONS="--cxxopt=-std=c++14 $BAZEL_OPTIONS_DEFAULT"
+BAZEL_OPTIONS="$BAZEL_OPTIONS_DEFAULT"
 
 BAZEL_TEST_OPTIONS="$BAZEL_OPTIONS --test_output=errors"
 
@@ -493,7 +493,7 @@ elif [[ "$1" == "bazel.e2e" ]]; then
   exit 0
 elif [[ "$1" == "benchmark" ]]; then
   [ -z "${BENCHMARK_DIR}" ] && export BENCHMARK_DIR=$HOME/benchmark
-  bazel $BAZEL_STARTUP_OPTIONS build --host_cxxopt=-std=c++14 --cxxopt=-std=c++14 $BAZEL_OPTIONS_ASYNC -c opt -- \
+  bazel $BAZEL_STARTUP_OPTIONS build $BAZEL_OPTIONS_ASYNC -c opt -- \
     $(bazel query 'attr("tags", "benchmark_result", ...)')
   echo ""
   echo "Benchmark results in $BENCHMARK_DIR:"
diff --git a/ci/setup_cmake.sh b/ci/setup_cmake.sh
index 0eda07c0ec..a55799cf14 100755
--- a/ci/setup_cmake.sh
+++ b/ci/setup_cmake.sh
@@ -15,7 +15,7 @@ fi
 
 if [ -z "${GOOGLETEST_VERSION}" ]; then
   # Version by default. Requires C++14.
-  export GOOGLETEST_VERSION=1.13.0
+  export GOOGLETEST_VERSION=1.14.0
 fi
 
 OLD_GOOGLETEST_VERSION_REGEXP="^1\.([0-9]|10|11|12)(\..*)?$"
diff --git a/exporters/prometheus/CMakeLists.txt b/exporters/prometheus/CMakeLists.txt
index c6387a66c8..1d66d59560 100644
--- a/exporters/prometheus/CMakeLists.txt
+++ b/exporters/prometheus/CMakeLists.txt
@@ -27,9 +27,13 @@ endif()
 if(TARGET core)
   list(APPEND PROMETHEUS_EXPORTER_TARGETS core)
 endif()
+if(TARGET util)
+  list(APPEND PROMETHEUS_EXPORTER_TARGETS util)
+endif()
 target_link_libraries(
   opentelemetry_exporter_prometheus
-  PUBLIC opentelemetry_metrics prometheus-cpp::pull prometheus-cpp::core)
+  PUBLIC opentelemetry_metrics prometheus-cpp::pull prometheus-cpp::core
+         prometheus-cpp::util)
 
 if(OPENTELEMETRY_INSTALL)
   install(
diff --git a/third_party/benchmark b/third_party/benchmark
index d572f47773..344117638c 160000
--- a/third_party/benchmark
+++ b/third_party/benchmark
@@ -1 +1 @@
-Subproject commit d572f4777349d43653b21d6c2fc63020ab326db2
+Subproject commit 344117638c8ff7e239044fd0fa7085839fc03021
diff --git a/third_party/googletest b/third_party/googletest
index b796f7d446..f8d7d77c06 160000
--- a/third_party/googletest
+++ b/third_party/googletest
@@ -1 +1 @@
-Subproject commit b796f7d44681514f58a683a3a71ff17c94edb0c1
+Subproject commit f8d7d77c06936315286eb55f8de22cd23c188571
diff --git a/third_party/nlohmann-json b/third_party/nlohmann-json
index bc889afb4c..9cca280a4d 160000
--- a/third_party/nlohmann-json
+++ b/third_party/nlohmann-json
@@ -1 +1 @@
-Subproject commit bc889afb4c5bf1c0d8ee29ef35eaaf4c8bef8a5d
+Subproject commit 9cca280a4d0ccf0c08f47a99aa71d1b0e52f8d03
diff --git a/third_party/prometheus-cpp b/third_party/prometheus-cpp
index c9ffcdda90..ad99e21f47 160000
--- a/third_party/prometheus-cpp
+++ b/third_party/prometheus-cpp
@@ -1 +1 @@
-Subproject commit c9ffcdda9086ffd9e1283ea7a0276d831f3c8a8d
+Subproject commit ad99e21f4706193670c42b36c9824dc997f4c475
diff --git a/third_party_release b/third_party_release
index 120b53ffab..6824954519 100644
--- a/third_party_release
+++ b/third_party_release
@@ -15,11 +15,11 @@
 
 gRPC=v1.49.2
 abseil=20220623.1
-benchmark=v1.7.1
-googletest=1.13.0
+benchmark=v1.8.3
+googletest=1.14.0
 ms-gsl=v3.1.0-67-g6f45293
-nlohmann-json=v3.11.2
+nlohmann-json=v3.11.3
 opentelemetry-proto=v1.1.0
 opentracing-cpp=v1.6.0
-prometheus-cpp=v1.1.0
+prometheus-cpp=v1.2.4
 vcpkg=2024.02.14