Resolve Error Of Adobe Photoshop App "Needs To Be Updated" Error Info - macOS

[Solved] The developer of this app needs to update it to work with this version of macOS
Information regarding the app “needs to be updated” error message after upgrading to macOS 11 Big Sur or macOS 10.15 Catalina. This error is occurring because Catalina and Big Sur do not support 32-bit applications. Potential solutions and workarounds for macOS and 32-bit application compatibility issues with Catalina are included.

More info on the "App Needs To Be Updated" error message:
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