Real-world traffic flow parameters are fundamental for devising smart mobility solutions. Though numerous solutions (intrusive and non-intrusive sensors) have been proposed, however, these have serious limitations under heterogeneous and congested traffic conditions. To overcome these limitations, a low-cost real-time Internet-of-Video-Things solution has been proposed. The sensor node (fabricated using Raspberry Pi 3B, Pi cameral and power bank) has the capability to stream 2 Mbps MJPEG video of 640x480 resolution and 20 frames per second (fps). The Camlytics traffic analysis software installed on a Dell desktop is employed for traffic flow characterization. The proposed solution was field-tested with vehicle detection rate of 85.3%. The novelty of the proposed system is that in addition to vehicle count, it has the capability to measure speed, density, time headway, time-space diagram and trajectories. Obtained results can be employed for road network planning, designing and management.