Zabbix 7.0 LTS introduces enterprise-grade features including enhanced performance, scalability, and security, with supporting functionalities like two-factor authentication, high-availability proxies, and more customizable widgets. The upgrade process involves meticulous preparation, including reading release notes and backing up configurations, with distinct procedures for minor and major updates. Users are advised to thoroughly test the new version in a controlled environment before deploying changes in production settings to prevent potential issues.