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"present competition" is a correct and usable phrase in written English.
You can use it to describe any current competitors or rivals in a particular field or endeavor. For example, "The present competition for the championship title is fierce this year."
Exact(11)
A fast-growing Amazon Go could present competition for chains such as CVS and 7-Eleven.
Removing one of the group stages has made the present competition less of a grind but the desire to have a European league proper remains.
The present competition is a super league by another name, something designed to have the same effect – of enriching the same clubs each season – without causing lasting damage to the domestic leagues.
Obviously we can't go back to the old days; they weren't good in every way anyway, but I find the present competition for faculty, students and being "TOP" to be appalling.
Like the Rotterdam fest, which I discussed in this space earlier in the year, Locarno has embraced the possibilities of online viewing platform Festival Scope to bring a selection of films from its typically diverse Cinema of the Present competition to cinephiles at home immediately after they have their world premiere in Switzerland: they'll be streaming, free of charge, until the end of August.
Ofcom found that, at present, "competition is likely to provide Royal Mail with a further incentive to become more efficient".
Similar(49)
The real problem, according to Wells, occurred when African-Americans stepped out of "their place", when they prospered or presented competition to whites.
It has since dramatically turned around on the policy, now that the solar industry presents competition for the first time.
Christie's does present some competition.
That kind of scale would present major competition for HarperCollins.
Everybody knew that the winner of the Democratic primary, Mr. Hance, would present tougher competition.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com