"Strong competition" refers to a situation where there are many other people or businesses trying to succeed in the same area or industry as you. It means that you have to work hard and be better than others to be successful. Full definition
Often considered as speculative because they are introducing new products that may or may not be accepted and may face strong competition from other new entrants. (hsbc.ca)
Coal and nuclear plants have faced stronger competition in the last five years, primarily from natural gas and, to a much smaller extent, from renewables. (energynews.us)
With strong competition in a cut - throat market comes a need to remain relevant even if it means taking the effort to make excessively minor improvements. (topspeed.com)