diff --git a/eng/jacoco-test-coverage/pom.xml b/eng/jacoco-test-coverage/pom.xml
index 9b3a0b60991a..7e786e7824be 100644
--- a/eng/jacoco-test-coverage/pom.xml
+++ b/eng/jacoco-test-coverage/pom.xml
@@ -90,7 +90,7 @@
     <dependency>
       <groupId>com.azure</groupId>
       <artifactId>azure-security-keyvault-keys</artifactId>
-      <version>4.0.1</version> <!-- {x-version-update;com.azure:azure-security-keyvault-keys;current} -->
+      <version>4.1.0-beta.1</version> <!-- {x-version-update;com.azure:azure-security-keyvault-keys;current} -->
     </dependency>
     <dependency>
       <groupId>com.azure</groupId>
diff --git a/eng/spotbugs-aggregate-report/pom.xml b/eng/spotbugs-aggregate-report/pom.xml
index 51691aadf659..f0edbcb1d396 100644
--- a/eng/spotbugs-aggregate-report/pom.xml
+++ b/eng/spotbugs-aggregate-report/pom.xml
@@ -208,7 +208,7 @@
         <dependency>
           <groupId>com.azure</groupId>
           <artifactId>azure-security-keyvault-keys</artifactId>
-          <version>4.0.1</version> <!-- {x-version-update;com.azure:azure-security-keyvault-keys;current} -->
+          <version>4.1.0-beta.1</version> <!-- {x-version-update;com.azure:azure-security-keyvault-keys;current} -->
         </dependency>
         <dependency>
           <groupId>com.azure</groupId>
diff --git a/eng/versioning/set_versions.py b/eng/versioning/set_versions.py
index 9bc5da5ba11b..53500cb3017f 100644
--- a/eng/versioning/set_versions.py
+++ b/eng/versioning/set_versions.py
@@ -1,6 +1,8 @@
 # Copyright (c) Microsoft Corporation. All rights reserved.
 # Licensed under the MIT License.
 
+# Python version 3.4 or higher is required to run this script.
+
 # Use case: Append the build qualifier onto the existing version in such a way that the
 # resulting version string is still in semver format. This will be utilized by the build
 # system to modify the version string to produce nightly DevOps builds.
diff --git a/eng/versioning/update_versions.py b/eng/versioning/update_versions.py
index f2a3c94f5096..1b08e5789c8b 100644
--- a/eng/versioning/update_versions.py
+++ b/eng/versioning/update_versions.py
@@ -1,6 +1,8 @@
 # Copyright (c) Microsoft Corporation. All rights reserved.
 # Licensed under the MIT License.
 
+# Python version 3.4 or higher is required to run this script.
+
 # Use case: Update all the versions in README.md and pom.xml files based on
 # the versions in versions_[client|data|management].txt, external_dependencies.txt
 #
diff --git a/eng/versioning/version_client.txt b/eng/versioning/version_client.txt
index 97bbc477a4f9..d886ce8886ba 100644
--- a/eng/versioning/version_client.txt
+++ b/eng/versioning/version_client.txt
@@ -10,10 +10,12 @@ com.azure:azure-core-http-netty;1.1.0;1.2.0-beta.1
 com.azure:azure-core-http-okhttp;1.1.0-beta.1;1.1.0-beta.1
 com.azure:azure-core-management;1.0.0-beta.8;1.0.0-beta.8
 com.azure:azure-core-test;1.1.0-beta.1;1.1.0-beta.1
+com.azure:azure-core-tracing-opencensus;1.0.0-beta.5;1.0.0-beta.6
+com.azure:azure-core-tracing-opentelemetry;1.0.0-beta.1;1.0.0-beta.2
 com.azure:azure-data-appconfiguration;1.0.0-beta.7;1.0.0-beta.8
 com.azure:azure-identity;1.0.1;1.1.0-beta.1
 com.azure:azure-security-keyvault-certificates;4.0.0-beta.6;4.0.0-beta.7
-com.azure:azure-security-keyvault-keys;4.0.1;4.0.1
+com.azure:azure-security-keyvault-keys;4.0.1;4.1.0-beta.1
 com.azure:azure-security-keyvault-secrets;4.0.1;4.1.0-beta.1
 com.azure:azure-messaging-eventhubs;5.0.0-beta.6;5.0.0-beta.7
 com.azure:azure-messaging-eventhubs-checkpointstore-blob;1.0.0-beta.4;1.0.0-beta.5
@@ -26,5 +28,3 @@ com.azure:azure-storage-file-share;12.0.0;12.1.0-beta.1
 com.azure:azure-storage-file-datalake;12.0.0-beta.7;12.0.0-beta.8
 com.azure:azure-storage-queue;12.1.0;12.2.0-beta.1
 com.azure:azure-storage-queue-cryptography;12.0.0-beta.6;12.0.0-beta.7
-com.azure:azure-core-tracing-opencensus;1.0.0-beta.5;1.0.0-beta.6
-com.azure:azure-core-tracing-opentelemetry;1.0.0-beta.1;1.0.0-beta.2
diff --git a/sdk/keyvault/azure-security-keyvault-certificates/src/main/java/com/azure/security/keyvault/certificates/AzureKeyVaultConfiguration.java b/sdk/keyvault/azure-security-keyvault-certificates/src/main/java/com/azure/security/keyvault/certificates/AzureKeyVaultConfiguration.java
index 802163cc7f08..05abc2d279a5 100644
--- a/sdk/keyvault/azure-security-keyvault-certificates/src/main/java/com/azure/security/keyvault/certificates/AzureKeyVaultConfiguration.java
+++ b/sdk/keyvault/azure-security-keyvault-certificates/src/main/java/com/azure/security/keyvault/certificates/AzureKeyVaultConfiguration.java
@@ -7,6 +7,6 @@ class AzureKeyVaultConfiguration {
     //TODO: Eventually remove these hardcoded strings with https://github.com/Azure/azure-sdk-for-java/issues/3141
     static final String SDK_NAME = "Azure-Keyvault";
     // {x-version-update-start;com.azure:azure-security-keyvault-certificates;current}
-    static final String SDK_VERSION = "4.0.0-beta.6";
+    static final String SDK_VERSION = "4.0.0-beta.7";
     // {x-version-update-end}
 }
diff --git a/sdk/keyvault/azure-security-keyvault-keys/pom.xml b/sdk/keyvault/azure-security-keyvault-keys/pom.xml
index c071f8b1ec5c..07c875219e47 100644
--- a/sdk/keyvault/azure-security-keyvault-keys/pom.xml
+++ b/sdk/keyvault/azure-security-keyvault-keys/pom.xml
@@ -14,7 +14,7 @@
 
   <groupId>com.azure</groupId>
   <artifactId>azure-security-keyvault-keys</artifactId>
-  <version>4.0.1</version> <!-- {x-version-update;com.azure:azure-security-keyvault-keys;current} -->
+  <version>4.1.0-beta.1</version> <!-- {x-version-update;com.azure:azure-security-keyvault-keys;current} -->
 
   <name>Microsoft Azure client library for KeyVault Keys</name>
   <description>This module contains client library for Microsoft Azure KeyVault Keys.</description>
diff --git a/sdk/keyvault/azure-security-keyvault-secrets/src/main/java/com/azure/security/keyvault/secrets/AzureKeyVaultConfiguration.java b/sdk/keyvault/azure-security-keyvault-secrets/src/main/java/com/azure/security/keyvault/secrets/AzureKeyVaultConfiguration.java
index 6fb1ecc77507..c3ac3ff8fc93 100644
--- a/sdk/keyvault/azure-security-keyvault-secrets/src/main/java/com/azure/security/keyvault/secrets/AzureKeyVaultConfiguration.java
+++ b/sdk/keyvault/azure-security-keyvault-secrets/src/main/java/com/azure/security/keyvault/secrets/AzureKeyVaultConfiguration.java
@@ -7,6 +7,6 @@ class AzureKeyVaultConfiguration {
     //TODO: Eventually remove these hardcoded strings with https://github.com/Azure/azure-sdk-for-java/issues/3141
     static final String SDK_NAME = "Azure-Keyvault";
     // {x-version-update-start;com.azure:azure-security-keyvault-secrets;current}
-    static final String SDK_VERSION = "4.0.1";
+    static final String SDK_VERSION = "4.1.0-beta.1";
     // {x-version-update-end}
 }
diff --git a/sdk/storage/azure-storage-blob-cryptography/src/main/java/com/azure/storage/blob/specialized/cryptography/BlobCryptographyConfiguration.java b/sdk/storage/azure-storage-blob-cryptography/src/main/java/com/azure/storage/blob/specialized/cryptography/BlobCryptographyConfiguration.java
index 49a15917659e..604222e54bcb 100644
--- a/sdk/storage/azure-storage-blob-cryptography/src/main/java/com/azure/storage/blob/specialized/cryptography/BlobCryptographyConfiguration.java
+++ b/sdk/storage/azure-storage-blob-cryptography/src/main/java/com/azure/storage/blob/specialized/cryptography/BlobCryptographyConfiguration.java
@@ -5,6 +5,6 @@
 class BlobCryptographyConfiguration {
     static final String NAME = "azure-storage-blob-cryptography";
     // {x-version-update-start;com.azure:azure-storage-blob-cryptography;current}
-    static final String VERSION = "12.1.0";
+    static final String VERSION = "12.2.0-beta.1";
     // {x-version-update-end}
 }
diff --git a/sdk/storage/azure-storage-blob/src/main/java/com/azure/storage/blob/implementation/util/BuilderHelper.java b/sdk/storage/azure-storage-blob/src/main/java/com/azure/storage/blob/implementation/util/BuilderHelper.java
index 9598ccf5f203..f1abf2207f8c 100644
--- a/sdk/storage/azure-storage-blob/src/main/java/com/azure/storage/blob/implementation/util/BuilderHelper.java
+++ b/sdk/storage/azure-storage-blob/src/main/java/com/azure/storage/blob/implementation/util/BuilderHelper.java
@@ -39,7 +39,7 @@
 public final class BuilderHelper {
     private static final String DEFAULT_USER_AGENT_NAME = "azure-storage-blob";
     // {x-version-update-start;com.azure:azure-storage-blob;current}
-    private static final String DEFAULT_USER_AGENT_VERSION = "12.1.0";
+    private static final String DEFAULT_USER_AGENT_VERSION = "12.2.0-beta.1";
     // {x-version-update-end}
 
     /**
diff --git a/sdk/storage/azure-storage-file-share/src/main/java/com/azure/storage/file/share/FileConfiguration.java b/sdk/storage/azure-storage-file-share/src/main/java/com/azure/storage/file/share/FileConfiguration.java
index 272939249d3b..8946b7a2df0b 100644
--- a/sdk/storage/azure-storage-file-share/src/main/java/com/azure/storage/file/share/FileConfiguration.java
+++ b/sdk/storage/azure-storage-file-share/src/main/java/com/azure/storage/file/share/FileConfiguration.java
@@ -10,6 +10,6 @@ class FileConfiguration {
     //TODO: Eventually remove these hardcoded strings with https://github.com/Azure/azure-sdk-for-java/issues/3141
     static final String NAME = "azure-storage-file-share";
     // {x-version-update-start;com.azure:azure-storage-file-share;current}
-    static final String VERSION = "12.0.0";
+    static final String VERSION = "12.1.0-beta.1";
     // {x-version-update-end}
 }
diff --git a/sdk/storage/azure-storage-file-share/src/main/java/com/azure/storage/file/share/implementation/util/BuilderHelper.java b/sdk/storage/azure-storage-file-share/src/main/java/com/azure/storage/file/share/implementation/util/BuilderHelper.java
index 66f8722672c8..9f1f6ef4526d 100644
--- a/sdk/storage/azure-storage-file-share/src/main/java/com/azure/storage/file/share/implementation/util/BuilderHelper.java
+++ b/sdk/storage/azure-storage-file-share/src/main/java/com/azure/storage/file/share/implementation/util/BuilderHelper.java
@@ -33,7 +33,7 @@
 public final class BuilderHelper {
     private static final String DEFAULT_USER_AGENT_NAME = "azure-storage-file-share";
     // {x-version-update-start;com.azure:azure-storage-file-share;current}
-    private static final String DEFAULT_USER_AGENT_VERSION = "12.0.0";
+    private static final String DEFAULT_USER_AGENT_VERSION = "12.1.0-beta.1";
     // {x-version-update-end}
 
     private static final Pattern IP_URL_PATTERN = Pattern
diff --git a/sdk/storage/azure-storage-queue/src/main/java/com/azure/storage/queue/QueueConfiguration.java b/sdk/storage/azure-storage-queue/src/main/java/com/azure/storage/queue/QueueConfiguration.java
index 983e7f833b3b..e2f678e6a109 100644
--- a/sdk/storage/azure-storage-queue/src/main/java/com/azure/storage/queue/QueueConfiguration.java
+++ b/sdk/storage/azure-storage-queue/src/main/java/com/azure/storage/queue/QueueConfiguration.java
@@ -10,6 +10,6 @@ class QueueConfiguration {
     //TODO: Eventually remove these hardcoded strings with https://github.com/Azure/azure-sdk-for-java/issues/3141
     static final String NAME = "azure-storage-queue";
     // {x-version-update-start;com.azure:azure-storage-queue;current}
-    static final String VERSION = "12.1.0";
+    static final String VERSION = "12.2.0-beta.1";
     // {x-version-update-end}
 }
diff --git a/sdk/storage/azure-storage-queue/src/main/java/com/azure/storage/queue/implementation/util/BuilderHelper.java b/sdk/storage/azure-storage-queue/src/main/java/com/azure/storage/queue/implementation/util/BuilderHelper.java
index ca6db8cb3c11..1774905f8c67 100644
--- a/sdk/storage/azure-storage-queue/src/main/java/com/azure/storage/queue/implementation/util/BuilderHelper.java
+++ b/sdk/storage/azure-storage-queue/src/main/java/com/azure/storage/queue/implementation/util/BuilderHelper.java
@@ -43,7 +43,7 @@
 public final class BuilderHelper {
     private static final String DEFAULT_USER_AGENT_NAME = "azure-storage-queue";
     // {x-version-update-start;com.azure:azure-storage-queue;current}
-    private static final String DEFAULT_USER_AGENT_VERSION = "12.1.0";
+    private static final String DEFAULT_USER_AGENT_VERSION = "12.2.0-beta.1";
     // {x-version-update-end}
 
     private static final Pattern IP_URL_PATTERN = Pattern