You can install the plugin call “Easy Theme and Plugin Upgrades” to update your themes or plugins. You can download it at WordPress repository or your wp-admin dashboard.
Once you activated the plugins, just like normally how you upload a new plugins/themes and click install now.
Note: This will be same step when you need update the theme to latest version.
We use elementor pro plugin as a example:
After few seconds(based on your server specification, high performance server will load faster) your screen will appear this kind of information as below image shown:
Click “Replace current with uploaded” button you are done!