Adobe Premiere Pro On MacOS Ventura in 2023

looks like your system is compatible.

https://support.apple.com/en-us/HT213264

But I suggest you invest in carbon copy cloner which will allow you to create a bootable backup of your startup drive before you do an update.

https://bombich.com/

And then update to ventura and if there are any serious issues you can restore your previous setup by cloning back from the clone to your startup drive.  Of course, apple has broken this workflow with the latest hardware... but having a clone of your startup drive is useful. as you can reinstall the OS if your startup drive gets corrupted or fails and needs to be replaced and then do a system migration to load all your apps and settings, etc from the clone.

I'm pretty sure there's a free trial, but it's worth every penny.  I also use it to do incremental backups of media drives, so I can quickly update a backup of a media drive using CCC which will automatically add new files and updated files to a backup drive...    

I don't think Apple has any motivation to get you to switch to Resolve, but FCP... maybe.      I know that many people recommend updating to the latest OS asap for security issues.    But you've got to balance these issues against the fact that updates of both OS and Apps can cause other problems...