diff --git a/packages/create-sitecore-jss/src/templates/react/package.json b/packages/create-sitecore-jss/src/templates/react/package.json
index 3bcc49e0be..03367e805d 100644
--- a/packages/create-sitecore-jss/src/templates/react/package.json
+++ b/packages/create-sitecore-jss/src/templates/react/package.json
@@ -36,7 +36,7 @@
     "axios": "^1.2.0",
     "bootstrap": "^5.2.3",
     "cross-fetch": "^3.1.5",
-    "deep-equal": "^2.1.0",
+    "fast-deep-equal": "3.1.3",
     "graphql": "~16.6.0",
     "graphql-tag": "~2.12.6",
     "i18next": "^22.0.6",
diff --git a/packages/create-sitecore-jss/src/templates/react/src/Layout.js b/packages/create-sitecore-jss/src/templates/react/src/Layout.js
index d98dce5da5..dd30b4805a 100644
--- a/packages/create-sitecore-jss/src/templates/react/src/Layout.js
+++ b/packages/create-sitecore-jss/src/templates/react/src/Layout.js
@@ -2,7 +2,7 @@ import React from 'react';
 import { Placeholder, VisitorIdentification } from '@sitecore-jss/sitecore-jss-react';
 import { NavLink } from 'react-router-dom';
 import { withTranslation } from 'react-i18next';
-import deepEqual from 'deep-equal';
+import fastDeepEqual from 'fast-deep-equal/es6/react';
 import Helmet from 'react-helmet';
 
 // Using bootstrap is completely optional. It's used here to provide a clean layout for samples,
@@ -82,7 +82,7 @@ const Layout = ({ route }) => (
 // We don't want to re-render `Layout` when route is changed but layout data is not loaded
 // Layout will be re-rendered only when layout data is changed
 const propsAreEqual = (prevProps, nextProps) => {
-  if (deepEqual(prevProps.route, nextProps.route)) return true;
+  if (fastDeepEqual(prevProps.route, nextProps.route)) return true;
 
   return false;
 };
diff --git a/packages/sitecore-jss-react/package.json b/packages/sitecore-jss-react/package.json
index f37565d9a0..e3e3d2bd85 100644
--- a/packages/sitecore-jss-react/package.json
+++ b/packages/sitecore-jss-react/package.json
@@ -64,7 +64,7 @@
   },
   "dependencies": {
     "@sitecore-jss/sitecore-jss": "21.7.0-canary.13",
-    "deep-equal": "^2.1.0",
+    "fast-deep-equal": "3.1.3",
     "prop-types": "^15.8.1",
     "style-attr": "^1.3.0"
   },
diff --git a/packages/sitecore-jss-react/src/components/SitecoreContext.tsx b/packages/sitecore-jss-react/src/components/SitecoreContext.tsx
index 2b2bb42160..47213d6a62 100644
--- a/packages/sitecore-jss-react/src/components/SitecoreContext.tsx
+++ b/packages/sitecore-jss-react/src/components/SitecoreContext.tsx
@@ -1,7 +1,7 @@
 /* eslint-disable @typescript-eslint/no-explicit-any */
 import React from 'react';
 import PropTypes from 'prop-types';
-import deepEqual from 'deep-equal';
+import fastDeepEqual from 'fast-deep-equal/es6/react';
 import { ComponentFactory } from './sharedTypes';
 import { LayoutServiceContext, LayoutServiceData, RouteData } from '../index';
 
@@ -70,7 +70,7 @@ export class SitecoreContext extends React.Component<SitecoreContextProps, Sitec
   componentDidUpdate(prevProps: SitecoreContextProps) {
     // In case if somebody will manage SitecoreContext state by passing fresh `layoutData` prop
     // instead of using `updateSitecoreContext`
-    if (!deepEqual(prevProps.layoutData, this.props.layoutData)) {
+    if (!fastDeepEqual(prevProps.layoutData, this.props.layoutData)) {
       this.setContext(this.props.layoutData);
 
       return;
diff --git a/yarn.lock b/yarn.lock
index bb580c8b87..43b4390538 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -6814,11 +6814,11 @@ __metadata:
     chai: ^4.3.7
     chai-string: ^1.5.0
     cheerio: 1.0.0-rc.12
-    deep-equal: ^2.1.0
     del-cli: ^5.0.0
     enzyme: ^3.11.0
     eslint: ^8.28.0
     eslint-plugin-react: ^7.31.11
+    fast-deep-equal: 3.1.3
     jsdom: ^20.0.3
     mocha: ^10.2.0
     nyc: ^15.1.0
@@ -9746,13 +9746,6 @@ __metadata:
   languageName: node
   linkType: hard
 
-"available-typed-arrays@npm:^1.0.5":
-  version: 1.0.5
-  resolution: "available-typed-arrays@npm:1.0.5"
-  checksum: 20eb47b3cefd7db027b9bbb993c658abd36d4edd3fe1060e83699a03ee275b0c9b216cc076ff3f2db29073225fb70e7613987af14269ac1fe2a19803ccc97f1a
-  languageName: node
-  linkType: hard
-
 "aws-sign2@npm:~0.7.0":
   version: 0.7.0
   resolution: "aws-sign2@npm:0.7.0"
@@ -12933,29 +12926,6 @@ __metadata:
   languageName: node
   linkType: hard
 
-"deep-equal@npm:^2.1.0":
-  version: 2.1.0
-  resolution: "deep-equal@npm:2.1.0"
-  dependencies:
-    call-bind: ^1.0.2
-    es-get-iterator: ^1.1.2
-    get-intrinsic: ^1.1.3
-    is-arguments: ^1.1.1
-    is-date-object: ^1.0.5
-    is-regex: ^1.1.4
-    isarray: ^2.0.5
-    object-is: ^1.1.5
-    object-keys: ^1.1.1
-    object.assign: ^4.1.4
-    regexp.prototype.flags: ^1.4.3
-    side-channel: ^1.0.4
-    which-boxed-primitive: ^1.0.2
-    which-collection: ^1.0.1
-    which-typed-array: ^1.1.8
-  checksum: a3efc772f14372d2a88bb1e414ab2218cf23cc77673521bbccbb2fc128dd8b6cccfad05eb35b9a8a4669bd7f3ecebaa137beebdf549b7be56c617bd5488ca987
-  languageName: node
-  linkType: hard
-
 "deep-is@npm:^0.1.3, deep-is@npm:~0.1.3":
   version: 0.1.4
   resolution: "deep-is@npm:0.1.4"
@@ -13931,22 +13901,6 @@ __metadata:
   languageName: node
   linkType: hard
 
-"es-get-iterator@npm:^1.1.2":
-  version: 1.1.2
-  resolution: "es-get-iterator@npm:1.1.2"
-  dependencies:
-    call-bind: ^1.0.2
-    get-intrinsic: ^1.1.0
-    has-symbols: ^1.0.1
-    is-arguments: ^1.1.0
-    is-map: ^2.0.2
-    is-set: ^2.0.2
-    is-string: ^1.0.5
-    isarray: ^2.0.5
-  checksum: f75e66acb6a45686fa08b3ade9c9421a70d36a0c43ed4363e67f4d7aab2226cb73dd977cb48abbaf75721b946d3cd810682fcf310c7ad0867802fbf929b17dcf
-  languageName: node
-  linkType: hard
-
 "es-module-lexer@npm:^0.9.0":
   version: 0.9.3
   resolution: "es-module-lexer@npm:0.9.3"
@@ -15111,7 +15065,7 @@ __metadata:
   languageName: node
   linkType: hard
 
-"fast-deep-equal@npm:^3.1.1, fast-deep-equal@npm:^3.1.3":
+"fast-deep-equal@npm:3.1.3, fast-deep-equal@npm:^3.1.1, fast-deep-equal@npm:^3.1.3":
   version: 3.1.3
   resolution: "fast-deep-equal@npm:3.1.3"
   checksum: e21a9d8d84f53493b6aa15efc9cfd53dd5b714a1f23f67fb5dc8f574af80df889b3bce25dc081887c6d25457cce704e636395333abad896ccdec03abaf1f3f9d
@@ -16155,15 +16109,6 @@ __metadata:
   languageName: node
   linkType: hard
 
-"gopd@npm:^1.0.1":
-  version: 1.0.1
-  resolution: "gopd@npm:1.0.1"
-  dependencies:
-    get-intrinsic: ^1.1.3
-  checksum: a5ccfb8806e0917a94e0b3de2af2ea4979c1da920bc381667c260e00e7cafdbe844e2cb9c5bcfef4e5412e8bf73bab837285bc35c7ba73aaaf0134d4583393a6
-  languageName: node
-  linkType: hard
-
 "got@npm:^11.8.5":
   version: 11.8.6
   resolution: "got@npm:11.8.6"
@@ -17216,16 +17161,6 @@ __metadata:
   languageName: node
   linkType: hard
 
-"is-arguments@npm:^1.1.0, is-arguments@npm:^1.1.1":
-  version: 1.1.1
-  resolution: "is-arguments@npm:1.1.1"
-  dependencies:
-    call-bind: ^1.0.2
-    has-tostringtag: ^1.0.0
-  checksum: 7f02700ec2171b691ef3e4d0e3e6c0ba408e8434368504bb593d0d7c891c0dbfda6d19d30808b904a6cb1929bca648c061ba438c39f296c2a8ca083229c49f27
-  languageName: node
-  linkType: hard
-
 "is-arrayish@npm:^0.2.1":
   version: 0.2.1
   resolution: "is-arrayish@npm:0.2.1"
@@ -17338,7 +17273,7 @@ __metadata:
   languageName: node
   linkType: hard
 
-"is-date-object@npm:^1.0.1, is-date-object@npm:^1.0.5":
+"is-date-object@npm:^1.0.1":
   version: 1.0.5
   resolution: "is-date-object@npm:1.0.5"
   dependencies:
@@ -17468,13 +17403,6 @@ __metadata:
   languageName: node
   linkType: hard
 
-"is-map@npm:^2.0.1, is-map@npm:^2.0.2":
-  version: 2.0.2
-  resolution: "is-map@npm:2.0.2"
-  checksum: ace3d0ecd667bbdefdb1852de601268f67f2db725624b1958f279316e13fecb8fa7df91fd60f690d7417b4ec180712f5a7ee967008e27c65cfd475cc84337728
-  languageName: node
-  linkType: hard
-
 "is-module@npm:^1.0.0":
   version: 1.0.0
   resolution: "is-module@npm:1.0.0"
@@ -17610,13 +17538,6 @@ __metadata:
   languageName: node
   linkType: hard
 
-"is-set@npm:^2.0.1, is-set@npm:^2.0.2":
-  version: 2.0.2
-  resolution: "is-set@npm:2.0.2"
-  checksum: b64343faf45e9387b97a6fd32be632ee7b269bd8183701f3b3f5b71a7cf00d04450ed8669d0bd08753e08b968beda96fca73a10fd0ff56a32603f64deba55a57
-  languageName: node
-  linkType: hard
-
 "is-shared-array-buffer@npm:^1.0.1":
   version: 1.0.1
   resolution: "is-shared-array-buffer@npm:1.0.1"
@@ -17690,19 +17611,6 @@ __metadata:
   languageName: node
   linkType: hard
 
-"is-typed-array@npm:^1.1.10":
-  version: 1.1.10
-  resolution: "is-typed-array@npm:1.1.10"
-  dependencies:
-    available-typed-arrays: ^1.0.5
-    call-bind: ^1.0.2
-    for-each: ^0.3.3
-    gopd: ^1.0.1
-    has-tostringtag: ^1.0.0
-  checksum: aac6ecb59d4c56a1cdeb69b1f129154ef462bbffe434cb8a8235ca89b42f258b7ae94073c41b3cb7bce37f6a1733ad4499f07882d5d5093a7ba84dfc4ebb8017
-  languageName: node
-  linkType: hard
-
 "is-typedarray@npm:^1.0.0, is-typedarray@npm:~1.0.0":
   version: 1.0.0
   resolution: "is-typedarray@npm:1.0.0"
@@ -17717,13 +17625,6 @@ __metadata:
   languageName: node
   linkType: hard
 
-"is-weakmap@npm:^2.0.1":
-  version: 2.0.1
-  resolution: "is-weakmap@npm:2.0.1"
-  checksum: 1222bb7e90c32bdb949226e66d26cb7bce12e1e28e3e1b40bfa6b390ba3e08192a8664a703dff2a00a84825f4e022f9cd58c4599ff9981ab72b1d69479f4f7f6
-  languageName: node
-  linkType: hard
-
 "is-weakref@npm:^1.0.1":
   version: 1.0.1
   resolution: "is-weakref@npm:1.0.1"
@@ -17742,13 +17643,6 @@ __metadata:
   languageName: node
   linkType: hard
 
-"is-weakset@npm:^2.0.1":
-  version: 2.0.1
-  resolution: "is-weakset@npm:2.0.1"
-  checksum: 70b62ccb14e44f6d0cc4ce8232f5e9edcf5c8123d0e315d4e42829816eb7a85b3763300e32aaa0eaf36d83877b8b140722e96269e58e74e5c5c258f48c4e8693
-  languageName: node
-  linkType: hard
-
 "is-what@npm:^3.12.0":
   version: 3.14.1
   resolution: "is-what@npm:3.14.1"
@@ -17793,13 +17687,6 @@ __metadata:
   languageName: node
   linkType: hard
 
-"isarray@npm:^2.0.5":
-  version: 2.0.5
-  resolution: "isarray@npm:2.0.5"
-  checksum: bd5bbe4104438c4196ba58a54650116007fa0262eccef13a4c55b2e09a5b36b59f1e75b9fcc49883dd9d4953892e6fc007eef9e9155648ceea036e184b0f930a
-  languageName: node
-  linkType: hard
-
 "isbinaryfile@npm:^4.0.8":
   version: 4.0.8
   resolution: "isbinaryfile@npm:4.0.8"
@@ -22498,7 +22385,7 @@ __metadata:
   languageName: node
   linkType: hard
 
-"object-is@npm:^1.0.2, object-is@npm:^1.1.2, object-is@npm:^1.1.5":
+"object-is@npm:^1.0.2, object-is@npm:^1.1.2":
   version: 1.1.5
   resolution: "object-is@npm:1.1.5"
   dependencies:
@@ -28702,18 +28589,6 @@ __metadata:
   languageName: node
   linkType: hard
 
-"which-collection@npm:^1.0.1":
-  version: 1.0.1
-  resolution: "which-collection@npm:1.0.1"
-  dependencies:
-    is-map: ^2.0.1
-    is-set: ^2.0.1
-    is-weakmap: ^2.0.1
-    is-weakset: ^2.0.1
-  checksum: c815bbd163107ef9cb84f135e6f34453eaf4cca994e7ba85ddb0d27cea724c623fae2a473ceccfd5549c53cc65a5d82692de418166df3f858e1e5dc60818581c
-  languageName: node
-  linkType: hard
-
 "which-module@npm:^2.0.0":
   version: 2.0.0
   resolution: "which-module@npm:2.0.0"
@@ -28721,20 +28596,6 @@ __metadata:
   languageName: node
   linkType: hard
 
-"which-typed-array@npm:^1.1.8":
-  version: 1.1.9
-  resolution: "which-typed-array@npm:1.1.9"
-  dependencies:
-    available-typed-arrays: ^1.0.5
-    call-bind: ^1.0.2
-    for-each: ^0.3.3
-    gopd: ^1.0.1
-    has-tostringtag: ^1.0.0
-    is-typed-array: ^1.1.10
-  checksum: fe0178ca44c57699ca2c0e657b64eaa8d2db2372a4e2851184f568f98c478ae3dc3fdb5f7e46c384487046b0cf9e23241423242b277e03e8ba3dabc7c84c98ef
-  languageName: node
-  linkType: hard
-
 "which@npm:^1.2.1, which@npm:^1.2.9, which@npm:^1.3.0":
   version: 1.3.1
   resolution: "which@npm:1.3.1"