diff --git a/CMakeLists.txt b/CMakeLists.txt
index 96adc41236..dbfb6a209d 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -195,6 +195,13 @@ option(OTELCPP_MAINTAINER_MODE "Build in maintainer mode (-Wall -Werror)" OFF)
 
 option(WITH_OPENTRACING "Whether to include the Opentracing shim" OFF)
 
+option(OTELCPP_VERSIONED_LIBS "Whether to generate the versioned shared libs"
+       OFF)
+
+if(OTELCPP_VERSIONED_LIBS AND NOT BUILD_SHARED_LIBS)
+  message(FATAL_ERROR "OTELCPP_VERSIONED_LIBS=ON requires BUILD_SHARED_LIBS=ON")
+endif()
+
 set(OTELCPP_PROTO_PATH
     ""
     CACHE PATH "Path to opentelemetry-proto")
@@ -274,6 +281,14 @@ function(install_windows_deps)
       PARENT_SCOPE)
 endfunction()
 
+function(set_target_version target_name)
+  if(OTELCPP_VERSIONED_LIBS)
+    set_target_properties(
+      ${target_name} PROPERTIES VERSION ${OPENTELEMETRY_VERSION}
+                                SOVERSION ${OPENTELEMETRY_ABI_VERSION_NO})
+  endif()
+endfunction()
+
 if(WITH_JAEGER)
   if(WITH_NO_DEPRECATED_CODE)
     message(FATAL_ERROR "Jaeger is DEPRECATED.")
diff --git a/examples/common/foo_library/CMakeLists.txt b/examples/common/foo_library/CMakeLists.txt
index cceb200596..1ef87df1e1 100644
--- a/examples/common/foo_library/CMakeLists.txt
+++ b/examples/common/foo_library/CMakeLists.txt
@@ -6,5 +6,7 @@ if(DEFINED OPENTELEMETRY_BUILD_DLL)
 endif()
 
 add_library(common_foo_library foo_library.h foo_library.cc)
+set_target_version(common_foo_library)
+
 target_link_libraries(common_foo_library PUBLIC ${CMAKE_THREAD_LIBS_INIT}
                                                 opentelemetry_api)
diff --git a/examples/common/logs_foo_library/CMakeLists.txt b/examples/common/logs_foo_library/CMakeLists.txt
index 45fe112f4e..6fd9c79d85 100644
--- a/examples/common/logs_foo_library/CMakeLists.txt
+++ b/examples/common/logs_foo_library/CMakeLists.txt
@@ -6,5 +6,7 @@ if(DEFINED OPENTELEMETRY_BUILD_DLL)
 endif()
 
 add_library(common_logs_foo_library foo_library.h foo_library.cc)
+set_target_version(common_logs_foo_library)
+
 target_link_libraries(common_logs_foo_library PUBLIC ${CMAKE_THREAD_LIBS_INIT}
                                                      opentelemetry_api)
diff --git a/examples/common/metrics_foo_library/CMakeLists.txt b/examples/common/metrics_foo_library/CMakeLists.txt
index e4f73fe037..a91b2595b8 100644
--- a/examples/common/metrics_foo_library/CMakeLists.txt
+++ b/examples/common/metrics_foo_library/CMakeLists.txt
@@ -2,4 +2,5 @@
 # SPDX-License-Identifier: Apache-2.0
 
 add_library(common_metrics_foo_library foo_library.h foo_library.cc)
+set_target_version(common_metrics_foo_library)
 target_link_libraries(common_metrics_foo_library PUBLIC opentelemetry_api)
diff --git a/exporters/elasticsearch/CMakeLists.txt b/exporters/elasticsearch/CMakeLists.txt
index 94a12c62e0..e91b53f1c6 100644
--- a/exporters/elasticsearch/CMakeLists.txt
+++ b/exporters/elasticsearch/CMakeLists.txt
@@ -6,6 +6,7 @@ add_library(opentelemetry_exporter_elasticsearch_logs
 
 set_target_properties(opentelemetry_exporter_elasticsearch_logs
                       PROPERTIES EXPORT_NAME elasticsearch_log_record_exporter)
+set_target_version(opentelemetry_exporter_elasticsearch_logs)
 
 target_include_directories(
   opentelemetry_exporter_elasticsearch_logs
diff --git a/exporters/jaeger/CMakeLists.txt b/exporters/jaeger/CMakeLists.txt
index a02fa7c3e5..222084eeb7 100644
--- a/exporters/jaeger/CMakeLists.txt
+++ b/exporters/jaeger/CMakeLists.txt
@@ -35,6 +35,7 @@ add_library(opentelemetry_exporter_jaeger_trace ${JAEGER_EXPORTER_SOURCES}
 
 set_target_properties(opentelemetry_exporter_jaeger_trace
                       PROPERTIES EXPORT_NAME jaeger_trace_exporter)
+set_target_version(opentelemetry_exporter_jaeger_trace)
 
 target_include_directories(
   opentelemetry_exporter_jaeger_trace
diff --git a/exporters/memory/CMakeLists.txt b/exporters/memory/CMakeLists.txt
index 36ddca5ac5..3dff044018 100644
--- a/exporters/memory/CMakeLists.txt
+++ b/exporters/memory/CMakeLists.txt
@@ -11,6 +11,7 @@ target_include_directories(
 
 set_target_properties(opentelemetry_exporter_in_memory
                       PROPERTIES EXPORT_NAME in_memory_span_exporter)
+set_target_version(opentelemetry_exporter_in_memory)
 
 target_link_libraries(opentelemetry_exporter_in_memory
                       PUBLIC opentelemetry_trace)
diff --git a/exporters/ostream/CMakeLists.txt b/exporters/ostream/CMakeLists.txt
index a674de8442..af24e9f1ad 100644
--- a/exporters/ostream/CMakeLists.txt
+++ b/exporters/ostream/CMakeLists.txt
@@ -6,6 +6,7 @@ add_library(opentelemetry_exporter_ostream_span src/span_exporter.cc
 
 set_target_properties(opentelemetry_exporter_ostream_span
                       PROPERTIES EXPORT_NAME ostream_span_exporter)
+set_target_version(opentelemetry_exporter_ostream_span)
 
 target_include_directories(
   opentelemetry_exporter_ostream_span
@@ -42,6 +43,8 @@ endif() # BUILD_TESTING
 add_library(opentelemetry_exporter_ostream_metrics src/metric_exporter.cc)
 set_target_properties(opentelemetry_exporter_ostream_metrics
                       PROPERTIES EXPORT_NAME ostream_metrics_exporter)
+set_target_version(opentelemetry_exporter_ostream_metrics)
+
 target_include_directories(
   opentelemetry_exporter_ostream_metrics
   PUBLIC "$<BUILD_INTERFACE:${CMAKE_CURRENT_LIST_DIR}/include>")
@@ -76,6 +79,8 @@ if(WITH_LOGS_PREVIEW)
   add_library(opentelemetry_exporter_ostream_logs src/log_record_exporter.cc)
   set_target_properties(opentelemetry_exporter_ostream_logs
                         PROPERTIES EXPORT_NAME ostream_log_record_exporter)
+  set_target_version(opentelemetry_exporter_ostream_logs)
+
   target_include_directories(
     opentelemetry_exporter_ostream_logs
     PUBLIC "$<BUILD_INTERFACE:${CMAKE_CURRENT_LIST_DIR}/include>")
diff --git a/exporters/otlp/CMakeLists.txt b/exporters/otlp/CMakeLists.txt
index eed80783ac..8ab053c9cc 100644
--- a/exporters/otlp/CMakeLists.txt
+++ b/exporters/otlp/CMakeLists.txt
@@ -8,6 +8,7 @@ add_library(
   src/otlp_metric_utils.cc)
 set_target_properties(opentelemetry_otlp_recordable PROPERTIES EXPORT_NAME
                                                                otlp_recordable)
+set_target_version(opentelemetry_otlp_recordable)
 
 target_include_directories(
   opentelemetry_otlp_recordable
@@ -31,6 +32,8 @@ if(WITH_OTLP_GRPC)
                                                       src/otlp_grpc_utils.cc)
   set_target_properties(opentelemetry_exporter_otlp_grpc_client
                         PROPERTIES EXPORT_NAME otlp_grpc_client)
+  set_target_version(opentelemetry_exporter_otlp_grpc_client)
+
   target_link_libraries(
     opentelemetry_exporter_otlp_grpc_client
     PUBLIC opentelemetry_sdk opentelemetry_ext opentelemetry_proto)
@@ -57,6 +60,7 @@ if(WITH_OTLP_GRPC)
 
   set_target_properties(opentelemetry_exporter_otlp_grpc
                         PROPERTIES EXPORT_NAME otlp_grpc_exporter)
+  set_target_version(opentelemetry_exporter_otlp_grpc)
 
   target_link_libraries(
     opentelemetry_exporter_otlp_grpc
@@ -72,6 +76,7 @@ if(WITH_OTLP_GRPC)
 
   set_target_properties(opentelemetry_exporter_otlp_grpc_log
                         PROPERTIES EXPORT_NAME otlp_grpc_log_record_exporter)
+  set_target_version(opentelemetry_exporter_otlp_grpc_log)
 
   target_link_libraries(
     opentelemetry_exporter_otlp_grpc_log
@@ -86,6 +91,7 @@ if(WITH_OTLP_GRPC)
 
   set_target_properties(opentelemetry_exporter_otlp_grpc_metrics
                         PROPERTIES EXPORT_NAME otlp_grpc_metrics_exporter)
+  set_target_version(opentelemetry_exporter_otlp_grpc_metrics)
 
   target_link_libraries(
     opentelemetry_exporter_otlp_grpc_metrics
@@ -100,6 +106,8 @@ if(WITH_OTLP_HTTP)
   add_library(opentelemetry_exporter_otlp_http_client src/otlp_http_client.cc)
   set_target_properties(opentelemetry_exporter_otlp_http_client
                         PROPERTIES EXPORT_NAME otlp_http_client)
+  set_target_version(opentelemetry_exporter_otlp_http_client)
+
   target_link_libraries(
     opentelemetry_exporter_otlp_http_client
     PUBLIC opentelemetry_sdk opentelemetry_proto opentelemetry_http_client_curl
@@ -121,6 +129,7 @@ if(WITH_OTLP_HTTP)
 
   set_target_properties(opentelemetry_exporter_otlp_http
                         PROPERTIES EXPORT_NAME otlp_http_exporter)
+  set_target_version(opentelemetry_exporter_otlp_http)
 
   target_link_libraries(
     opentelemetry_exporter_otlp_http
@@ -137,6 +146,7 @@ if(WITH_OTLP_HTTP)
 
     set_target_properties(opentelemetry_exporter_otlp_http_log
                           PROPERTIES EXPORT_NAME otlp_http_log_record_exporter)
+    set_target_version(opentelemetry_exporter_otlp_http_log)
 
     target_link_libraries(
       opentelemetry_exporter_otlp_http_log
@@ -152,6 +162,7 @@ if(WITH_OTLP_HTTP)
 
   set_target_properties(opentelemetry_exporter_otlp_http_metric
                         PROPERTIES EXPORT_NAME otlp_http_metric_exporter)
+  set_target_version(opentelemetry_exporter_otlp_http_metric)
 
   target_link_libraries(
     opentelemetry_exporter_otlp_http_metric
diff --git a/exporters/prometheus/CMakeLists.txt b/exporters/prometheus/CMakeLists.txt
index 1e6c79e376..806ca01f70 100644
--- a/exporters/prometheus/CMakeLists.txt
+++ b/exporters/prometheus/CMakeLists.txt
@@ -11,6 +11,8 @@ add_library(opentelemetry_exporter_prometheus src/exporter.cc src/collector.cc
 
 set_target_properties(opentelemetry_exporter_prometheus
                       PROPERTIES EXPORT_NAME prometheus_exporter)
+set_target_version(opentelemetry_exporter_prometheus)
+
 target_include_directories(
   opentelemetry_exporter_prometheus
   PUBLIC "$<BUILD_INTERFACE:${CMAKE_CURRENT_LIST_DIR}/include>"
diff --git a/exporters/zipkin/CMakeLists.txt b/exporters/zipkin/CMakeLists.txt
index 9cc997023f..60f8a80a2a 100644
--- a/exporters/zipkin/CMakeLists.txt
+++ b/exporters/zipkin/CMakeLists.txt
@@ -12,6 +12,8 @@ target_include_directories(
   PUBLIC "$<BUILD_INTERFACE:${CMAKE_CURRENT_LIST_DIR}/include>"
          "$<INSTALL_INTERFACE:include>")
 
+set_target_version(opentelemetry_exporter_zipkin_trace)
+
 target_link_libraries(
   opentelemetry_exporter_zipkin_trace
   PUBLIC opentelemetry_trace opentelemetry_http_client_curl
diff --git a/ext/src/http/client/curl/CMakeLists.txt b/ext/src/http/client/curl/CMakeLists.txt
index 6684c5f820..96e7c5b42a 100644
--- a/ext/src/http/client/curl/CMakeLists.txt
+++ b/ext/src/http/client/curl/CMakeLists.txt
@@ -7,6 +7,7 @@ add_library(
 
 set_target_properties(opentelemetry_http_client_curl
                       PROPERTIES EXPORT_NAME http_client_curl)
+set_target_version(opentelemetry_http_client_curl)
 
 if(TARGET CURL::libcurl)
   target_link_libraries(
diff --git a/ext/src/zpages/CMakeLists.txt b/ext/src/zpages/CMakeLists.txt
index 5237d2da9b..8ff225112b 100644
--- a/ext/src/zpages/CMakeLists.txt
+++ b/ext/src/zpages/CMakeLists.txt
@@ -12,6 +12,7 @@ add_library(
   ../../include/opentelemetry/ext/zpages/tracez_http_server.h)
 
 set_target_properties(opentelemetry_zpages PROPERTIES EXPORT_NAME zpages)
+set_target_version(opentelemetry_zpages)
 
 target_link_libraries(opentelemetry_zpages PUBLIC opentelemetry_ext
                                                   opentelemetry_trace)
diff --git a/opentracing-shim/CMakeLists.txt b/opentracing-shim/CMakeLists.txt
index 3a57ac07bf..5f83de5474 100644
--- a/opentracing-shim/CMakeLists.txt
+++ b/opentracing-shim/CMakeLists.txt
@@ -7,6 +7,7 @@ add_library(${this_target} src/shim_utils.cc src/span_shim.cc
                            src/span_context_shim.cc src/tracer_shim.cc)
 
 set_target_properties(${this_target} PROPERTIES EXPORT_NAME opentracing_shim)
+set_target_version(${this_target})
 
 target_include_directories(
   ${this_target} PUBLIC "$<BUILD_INTERFACE:${CMAKE_CURRENT_LIST_DIR}/include>"
diff --git a/sdk/src/common/CMakeLists.txt b/sdk/src/common/CMakeLists.txt
index b23a93e80c..7bb645f5b7 100644
--- a/sdk/src/common/CMakeLists.txt
+++ b/sdk/src/common/CMakeLists.txt
@@ -11,6 +11,7 @@ endif()
 add_library(opentelemetry_common ${COMMON_SRCS})
 
 set_target_properties(opentelemetry_common PROPERTIES EXPORT_NAME common)
+set_target_version(opentelemetry_common)
 
 target_link_libraries(
   opentelemetry_common PUBLIC opentelemetry_api opentelemetry_sdk
diff --git a/sdk/src/logs/CMakeLists.txt b/sdk/src/logs/CMakeLists.txt
index 2b7db6eb7c..e235e50696 100644
--- a/sdk/src/logs/CMakeLists.txt
+++ b/sdk/src/logs/CMakeLists.txt
@@ -26,6 +26,7 @@ set_target_properties(opentelemetry_logs PROPERTIES EXPORT_NAME logs)
 
 target_link_libraries(opentelemetry_logs PUBLIC opentelemetry_resources
                                                 opentelemetry_common)
+set_target_version(opentelemetry_logs)
 
 target_include_directories(
   opentelemetry_logs
diff --git a/sdk/src/metrics/CMakeLists.txt b/sdk/src/metrics/CMakeLists.txt
index f53639332b..7ee82c9cd5 100644
--- a/sdk/src/metrics/CMakeLists.txt
+++ b/sdk/src/metrics/CMakeLists.txt
@@ -22,6 +22,7 @@ add_library(
   sync_instruments.cc)
 
 set_target_properties(opentelemetry_metrics PROPERTIES EXPORT_NAME metrics)
+set_target_version(opentelemetry_metrics)
 
 target_link_libraries(opentelemetry_metrics PUBLIC opentelemetry_common)
 
diff --git a/sdk/src/resource/CMakeLists.txt b/sdk/src/resource/CMakeLists.txt
index f39b6f2a8f..1a0510f678 100644
--- a/sdk/src/resource/CMakeLists.txt
+++ b/sdk/src/resource/CMakeLists.txt
@@ -4,6 +4,7 @@
 add_library(opentelemetry_resources resource.cc resource_detector.cc)
 
 set_target_properties(opentelemetry_resources PROPERTIES EXPORT_NAME resources)
+set_target_version(opentelemetry_resources)
 
 target_link_libraries(opentelemetry_resources opentelemetry_common)
 
diff --git a/sdk/src/trace/CMakeLists.txt b/sdk/src/trace/CMakeLists.txt
index 94c2059548..52c109acb8 100644
--- a/sdk/src/trace/CMakeLists.txt
+++ b/sdk/src/trace/CMakeLists.txt
@@ -23,6 +23,7 @@ add_library(
   random_id_generator_factory.cc)
 
 set_target_properties(opentelemetry_trace PROPERTIES EXPORT_NAME trace)
+set_target_version(opentelemetry_trace)
 
 target_link_libraries(opentelemetry_trace PUBLIC opentelemetry_common
                                                  opentelemetry_resources)
diff --git a/sdk/src/version/CMakeLists.txt b/sdk/src/version/CMakeLists.txt
index d8c48ed96d..f7be858000 100644
--- a/sdk/src/version/CMakeLists.txt
+++ b/sdk/src/version/CMakeLists.txt
@@ -4,6 +4,7 @@
 add_library(opentelemetry_version version.cc)
 
 set_target_properties(opentelemetry_version PROPERTIES EXPORT_NAME version)
+set_target_version(opentelemetry_version)
 
 target_link_libraries(opentelemetry_version PUBLIC opentelemetry_api
                                                    opentelemetry_sdk)