I have to Upgrade Laravel 5.8 to Latest Laravel 11 Version

I need to upgrade project from very old Laravel 5.8 to Latest Laravel 11 version.

What changes and steps are required for upgrading Laravel from 5.8 to 11? Can I simply update the version in composer.json and run the update, or are there additional steps needed?

Please provide me with proper ways to achieve this. It will be very helpful for me.

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