Upload file showing error Drupal\Component\Plugin\Exception\PluginNotFoundException The "entity:file:undefine" plugin does not exist.

After updating Drupal from 8.7.10 to 8.8.1 . It started throw error, while upload file in every file type field in the system.
For eg. Goto /admin/appearance/settings and uncheck checkbox Use the logo supplied by the theme. and try to upload a .png or .jpg logo.

This will show error
Drupal\Component\Plugin\Exception\PluginNotFoundException: The "entity:file:undefined" plugin does not exist. Valid plugin IDs for Drupal\Core\TypedData\TypedDataManager are: formatted_price, entity_revision_reference...

Please provide help.