diff --git a/cmake/Dependencies.common.cmake b/cmake/Dependencies.common.cmake
index effded9b905..c9dad1fb705 100644
--- a/cmake/Dependencies.common.cmake
+++ b/cmake/Dependencies.common.cmake
@@ -274,7 +274,7 @@ endif()
 ##################################################################
 set(DALI_INSTALL_REQUIRES_NVIMGCODEC "")
 if(BUILD_NVIMAGECODEC)
-  set(NVIMGCODEC_REQ_VERSION "0.2.0")
+  set(NVIMGCODEC_REQ_VERSION "0.3.0")
   if (WITH_DYNAMIC_NVIMGCODEC)
     message(STATUS "nvImageCodec - dynamic load")
 
diff --git a/conda/third_party/dali_nvimagecodec/recipe/meta.yaml b/conda/third_party/dali_nvimagecodec/recipe/meta.yaml
index 6ff6517f763..9f1e5b8f40c 100644
--- a/conda/third_party/dali_nvimagecodec/recipe/meta.yaml
+++ b/conda/third_party/dali_nvimagecodec/recipe/meta.yaml
@@ -21,7 +21,7 @@ package:
 
 source:
   git_url: https://github.com/NVIDIA/nvImageCodec.git
-  git_rev: v0.2.0
+  git_rev: v0.3.0
 
 build:
   number: 0
diff --git a/docker/Dockerfile.cuda118.aarch64.deps b/docker/Dockerfile.cuda118.aarch64.deps
index 748cf833445..40c99038246 100644
--- a/docker/Dockerfile.cuda118.aarch64.deps
+++ b/docker/Dockerfile.cuda118.aarch64.deps
@@ -11,7 +11,7 @@ RUN curl -LO https://developer.download.nvidia.com/compute/cuda/11.8.0/local_ins
     ./cuda_*.run --silent --no-opengl-libs --toolkit && \
     rm -f cuda_*.run;
 
-RUN NVJPEG2K_VERSION=0.7.5.32-1 && \
+RUN NVJPEG2K_VERSION=0.8.0.38-1 && \
     CUDA_VERSION_MAJOR=11 && \
     CUDA_VERSION_MINOR=8 && \
     apt-get update && \
diff --git a/docker/Dockerfile.cuda118.x86_64.deps b/docker/Dockerfile.cuda118.x86_64.deps
index 8d0b41d18fe..d65ebdeb097 100644
--- a/docker/Dockerfile.cuda118.x86_64.deps
+++ b/docker/Dockerfile.cuda118.x86_64.deps
@@ -11,7 +11,7 @@ RUN curl -LO https://developer.download.nvidia.com/compute/cuda/11.8.0/local_ins
     ./cuda_*.run --silent --no-opengl-libs --toolkit && \
     rm -f cuda_*.run;
 
-RUN NVJPEG2K_VERSION=0.7.5.32-1 && \
+RUN NVJPEG2K_VERSION=0.8.0.38-1 && \
     CUFILE_VERSION=1.4.0.31-1 && \
     NVCOMP_VERSION=2.6.1 && \
     CUDA_VERSION_MAJOR=11 && \
diff --git a/docker/Dockerfile.cuda126.aarch64.deps b/docker/Dockerfile.cuda126.aarch64.deps
index 426ab277309..555c163dff8 100644
--- a/docker/Dockerfile.cuda126.aarch64.deps
+++ b/docker/Dockerfile.cuda126.aarch64.deps
@@ -11,7 +11,7 @@ RUN curl -LO https://developer.download.nvidia.com/compute/cuda/12.6.0/local_ins
     ./cuda_*.run --silent --no-opengl-libs --toolkit && \
     rm -f cuda_*.run;
 
-RUN NVJPEG2K_VERSION=0.7.5.32-1 && \
+RUN NVJPEG2K_VERSION=0.8.0.38-1 && \
     CUFILE_VERSION=1.11.0.15-1 && \
     CUDA_VERSION_MAJOR=12 && \
     CUDA_VERSION_MINOR=6 && \
diff --git a/docker/Dockerfile.cuda126.x86_64.deps b/docker/Dockerfile.cuda126.x86_64.deps
index d0cf4f60063..61cc6632c82 100644
--- a/docker/Dockerfile.cuda126.x86_64.deps
+++ b/docker/Dockerfile.cuda126.x86_64.deps
@@ -11,7 +11,7 @@ RUN curl -LO https://developer.download.nvidia.com/compute/cuda/12.6.0/local_ins
     ./cuda_*.run --silent --no-opengl-libs --toolkit && \
     rm -f cuda_*.run;
 
-RUN NVJPEG2K_VERSION=0.7.5.32-1 && \
+RUN NVJPEG2K_VERSION=0.8.0.38-1 && \
     CUFILE_VERSION=1.11.0.15-1 && \
     NVCOMP_VERSION=2.6.1 && \
     CUDA_VERSION_MAJOR=12 && \