Cannot find module 'babel-node' - node.js

Question

I am trying to run some React code on my server-side using node. Following a tutorial, I am trying to add babel to my node server so that JSX gets transpiled to JS.
I added the run scripts to my json.config to use babel-node as below (I use the "watch-server" script for development):
"scripts": {
"start": "start:dev",
"server": "node babel-node ./server/index.js",
"start:dev": "webpack && npm run server",
"start:prod": "webpack && npm run server",
"test": "jest",
"test:debug": "jest --debug",
"test:watch": "jest --watch",
"test:coverage": "jest --coverage --colors",
"watch-server": "nodemon -e js,scss,jsx --ignore '*.bundle*.js' --verbose --exec npm run start:dev"
The issue I get is when I try to run npm run watch-server is an error:
> node babel-node ./server/index.js
internal/modules/cjs/loader.js:905
throw err;
^
Error: Cannot find module '/Users/zarnowm/Documents/GitHub/dsr-ux/babel-node'
at Function.Module._resolveFilename (internal/modules/cjs/loader.js:902:15)
at Function.Module._load (internal/modules/cjs/loader.js:746:27)
at Function.executeUserEntryPoint [as runMain] (internal/modules/run_main.js:76:12)
at internal/main/run_main_module.js:17:47 {
code: 'MODULE_NOT_FOUND',
requireStack: []
}
Here is a snippet of my dependencies:
"devDependencies": {
"#babel/core": "^7.4.3",
"#babel/node": "^7.14.9",
"#babel/plugin-proposal-class-properties": "^7.4.0",
"#babel/plugin-proposal-object-rest-spread": "^7.4.3",
"#babel/plugin-transform-runtime": "^7.4.3",
"#babel/preset-env": "^7.4.3",
"#babel/preset-react": "^7.0.0",
"#babel/runtime": "^7.5.0",
And .babelrc:
{
"env": {
"test": {
"presets": [
"#babel/preset-env",
"#babel/preset-react"
],
"plugins": [
"#babel/plugin-proposal-class-properties",
"#babel/plugin-proposal-object-rest-spread",
"#babel/plugin-transform-runtime"
]
}
}
}
Im struggling to figure out the issue...