Getting NoClassDefFoundError for HttpClientProperties after Spring Boot Version upgrade from 3.4.3 to 3.5.3

After version upgrade to parent pom from 3.4.3 to 3.5.3,

 <parent>
    <groupId>org.springframework.boot</groupId>
    <artifactId>spring-boot-starter-parent</artifactId>
    <version>3.5.3</version>
</parent>

I started encountering Application run failed issue.

Error stack trace:

 [main] ERROR org.springframework.boot.SpringApplication -- Application run failed
java.lang.IllegalStateException: java.lang.NoClassDefFoundError: org/springframework/boot/autoconfigure/http/client/HttpClientProperties$Factory
    at org.springframework.boot.SpringApplication.handleRunFailure(SpringApplication.java:823)
    at org.springframework.boot.SpringApplication.run(SpringApplication.java:328)
    at org.springframework.boot.builder.SpringApplicationBuilder.run(SpringApplicationBuilder.java:149)
    at org.springframework.cloud.bootstrap.BootstrapApplicationListener.bootstrapServiceContext(BootstrapApplicationListener.java:198)
    at org.springframework.cloud.bootstrap.BootstrapApplicationListener.onApplicationEvent(BootstrapApplicationListener.java:114)
    at org.springframework.cloud.bootstrap.BootstrapApplicationListener.onApplicationEvent(BootstrapApplicationListener.java:77)
    at org.springframework.context.event.SimpleApplicationEventMulticaster.doInvokeListener(SimpleApplicationEventMulticaster.java:185)
    at org.springframework.context.event.SimpleApplicationEventMulticaster.invokeListener(SimpleApplicationEventMulticaster.java:178)
    at org.springframework.context.event.SimpleApplicationEventMulticaster.multicastEvent(SimpleApplicationEventMulticaster.java:156)
    at org.springframework.context.event.SimpleApplicationEventMulticaster.multicastEvent(SimpleApplicationEventMulticaster.java:138)
    at org.springframework.boot.context.event.EventPublishingRunListener.multicastInitialEvent(EventPublishingRunListener.java:136)
    at org.springframework.boot.context.event.EventPublishingRunListener.environmentPrepared(EventPublishingRunListener.java:81)
    at org.springframework.boot.SpringApplicationRunListeners.lambda$environmentPrepared$2(SpringApplicationRunListeners.java:64)
    at java.base/java.lang.Iterable.forEach(Iterable.java:75)
    at org.springframework.boot.SpringApplicationRunListeners.doWithListeners(SpringApplicationRunListeners.java:118)
    at org.springframework.boot.SpringApplicationRunListeners.doWithListeners(SpringApplicationRunListeners.java:112)
    at org.springframework.boot.SpringApplicationRunListeners.environmentPrepared(SpringApplicationRunListeners.java:63)
    at org.springframework.boot.SpringApplication.prepareEnvironment(SpringApplication.java:353)
    at org.springframework.boot.SpringApplication.run(SpringApplication.java:313)
    at org.springframework.boot.SpringApplication.run(SpringApplication.java:1361)
    at org.springframework.boot.SpringApplication.run(SpringApplication.java:1350)
    at com.nainesh.com.web.MyApplication.main(App.java:20)
Caused by: java.lang.NoClassDefFoundError: org/springframework/boot/autoconfigure/http/client/HttpClientProperties$Factory
    at org.springframework.cloud.gateway.server.mvc.GatewayServerMvcAutoConfiguration$GatewayHttpClientEnvironmentPostProcessor.postProcessEnvironment(GatewayServerMvcAutoConfiguration.java:219)
    at org.springframework.boot.env.EnvironmentPostProcessorApplicationListener.onApplicationEnvironmentPreparedEvent(EnvironmentPostProcessorApplicationListener.java:132)
    at org.springframework.boot.env.EnvironmentPostProcessorApplicationListener.onApplicationEvent(EnvironmentPostProcessorApplicationListener.java:115)
    at org.springframework.context.event.SimpleApplicationEventMulticaster.doInvokeListener(SimpleApplicationEventMulticaster.java:185)
    at org.springframework.context.event.SimpleApplicationEventMulticaster.invokeListener(SimpleApplicationEventMulticaster.java:178)
    at org.springframework.context.event.SimpleApplicationEventMulticaster.multicastEvent(SimpleApplicationEventMulticaster.java:156)
    at org.springframework.context.event.SimpleApplicationEventMulticaster.multicastEvent(SimpleApplicationEventMulticaster.java:138)
    at org.springframework.boot.context.event.EventPublishingRunListener.multicastInitialEvent(EventPublishingRunListener.java:136)
    at org.springframework.boot.context.event.EventPublishingRunListener.environmentPrepared(EventPublishingRunListener.java:81)
    at org.springframework.boot.SpringApplicationRunListeners.lambda$environmentPrepared$2(SpringApplicationRunListeners.java:64)
    at java.base/java.lang.Iterable.forEach(Iterable.java:75)
    at org.springframework.boot.SpringApplicationRunListeners.doWithListeners(SpringApplicationRunListeners.java:118)
    at org.springframework.boot.SpringApplicationRunListeners.doWithListeners(SpringApplicationRunListeners.java:112)
    at org.springframework.boot.SpringApplicationRunListeners.environmentPrepared(SpringApplicationRunListeners.java:63)
    at org.springframework.boot.SpringApplication.prepareEnvironment(SpringApplication.java:353)
    at org.springframework.boot.SpringApplication.run(SpringApplication.java:313)
    ... 20 common frames omitted
Caused by: java.lang.ClassNotFoundException: org.springframework.boot.autoconfigure.http.client.HttpClientProperties$Factory
    at java.base/jdk.internal.loader.BuiltinClassLoader.loadClass(BuiltinClassLoader.java:641)
    at java.base/jdk.internal.loader.ClassLoaders$AppClassLoader.loadClass(ClassLoaders.java:188)
    at java.base/java.lang.ClassLoader.loadClass(ClassLoader.java:525)
    ... 36 common frames omitted
Disconnected from the target VM, address: '127.0.0.1:58983', transport: 'socket'

Process finished with exit code 1

After referring to Spring Migration Docs, Couldn't find upgrades which are required for matching spring dependencies. Other dependencies being used along with version:

<properties>
    <spring.boot.version>3.5.3</spring.boot.version>
    <spring-cloud.version>2024.0.0</spring-cloud.version>
    <spring.cloud.azure.version>5.20.1</spring.cloud.azure.version>
    <spring-cloud.gateway.version>4.2.0</spring-cloud.gateway.version>
    <springdoc-openapi-starter-webmvc-ui.version>2.8.3</springdoc-openapi-starter-webmvc-ui.version>
    <jwks-rsa.version>0.22.1</jwks-rsa.version>
    <java-jwt.version>4.4.0</java-jwt.version>
    <azure.app.config.version>2025.2.0</azure.app.config.version>
</properties>

Update: Fixed this issue by upgrading spring-cloud.version to 2025.0.0 from 2024.0.0. Worked like a charm with all breaking test cases to pass.