I do not have any strict data, but that’s what vendor tend to include, and I prefer to err on the side of caution.
I do have colleagues using Windows and vendor-provided tools, who will happily use just whatever compiler is in the package. This way I can at least try to maintain usage of the same compiler.
That said, ARM’s releases are quarterly, and tend to lag behind official GCC somewhat. They are currently at 11.3, with a public beta of 12.2.