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"rising competition from" is a correct and usable phrase in written English.
It is typically used to describe an increase in competition from other companies, businesses, or individuals in a specific industry or market. Example: In recent years, the technology industry has seen rising competition from foreign companies, forcing domestic companies to innovate at a faster pace.
Exact(59)
But they face rising competition from pharmacy managers owned by large insurance companies.
Fairtrade is also facing rising competition from rival ethical labelling systems, such as the Rainforest Alliance.
Rising competition from rivals in South Korea and China has also increased the pressure on Japanese manufacturers to consider mergers.
This town's talent agents, facing rising competition from talent managers, are no longer satisfied with merely being powerful and rich.
Microsoft has also increased its investment to meet the rising competition from Internet software and services companies, led by Google.
The exchange sees opportunities from the further opening of the mainland China market but rising competition from exchanges around the world and in the region.
NTT Docomo, the largest mobile phone carrier in Japan, has turned to Samsung to try to fend off rising competition from two rival network operators, SoftBank and KDDI.
Ben Verwaayen, Alcatel-Lucent's chief executive, described the cuts as necessary because of weaker demand for network equipment and rising competition from lower-cost rivals.
The BlackBerry pagers may help Smart attract upper-income customers as the company faces rising competition from its nearest rival, Globe Telecom.
Yet he failed to spot rising competition from discounters such as Aldi and Lidl early enough or to stem the tide of shopper defections to rivals.
Amid rising competition from discounters Aldi and Lidl and commodity price deflation, food prices have been falling for more than three years.
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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