What competitor have you actually tried? My girlfriend’s parents have a few cheap TPlink solar powered CCTV and they work flawlessly since setup. I used to jerryrig an Android phone for Alfred and that too worked well.
I tried a high end Philips one and a Nest camera. Both were way less reliable than the Nanit. Possibly because they didn’t play nicely with my mesh WiFi at home. But regardless I just wanted to vouch for Nanit’s software, whatever they are doing with their networking and UX is really good.
Their networking is awful in my experience. The WiFi chip is cheap crap, extremely sensitive, cuts out a lot, and doesn’t support WPA3.
I had to set up a dedicated Nanit-only AP in my house in order to stabilize the connection. It would not work any other way, tried many different configurations, even other APs.
They've mostly sold off bits of themselves, and/or licensed their name to other producers. It's highly unlikely that Philips actually made that camera.
My impression is live feed is a solved problem.