Recently, the increased count of surveillance cameras has manipulated the demand criteria for a higher effective video coding process. Moreover, the ultra-modern video coding standards have appreciably enhanced the efficiency of video coding, which has been developed for gathering common videos over surveillance videos. Various vehicle recognition techniques have provided a challenging and promising role in computer vision applications and intelligent transport systems. In this case, most of the conventional techniques have recognized the vehicles along with bounding box depiction and thus failed to provide the proper locations of the vehicles. Moreover, the position details have been vigorous in terms of various real-time applications trajectory of vehicle’s motion on the road as well as movement estimation. Numerous advancements have been offered throughout the years in the traffic surveillance area through the random propagation of intelligent traffic video surveillance techniques. The ultimate goal of this model is to design and enhance intelligent traffic video surveillance techniques by utilizing the developed deep learning techniques. This model has the ability to handle video traffic surveillance by measuring the speed of vehicles and recognizing their number plates. The initial process is considered the data collection, in which the traffic video data is gathered. Furthermore, the vehicle detection is performed by the Optimized YOLOv3 deep learning classifier, in which the parameter optimization is performed by using the newly recommended Modified Coyote Spider Monkey Optimization (MCSMO), which is the combination of Coyote Optimization Algorithm (COA) and Spider Monkey Optimization (SMO). Furthermore, the speed of the vehicles has been measured from each frame. For high-speed vehicles, the same Optimized YOLOv3 is used for detecting the number plates. Once the number plates are detected, plate character recognition is performed by the Improved Convolutional Neural Network (ICNN). Thus, the information about the vehicles, which are violating the traffic rules, can be conveyed to the vehicle owners and Regional Transport Office (RTO) to take further action to avoid accidents. From the experimental validation, the accuracy and precision rate of the designed method achieves 97.53% and 96.83%. Experimental results show that the proposed method achieves enhanced performance when compared to conventional models, thus ensuring the security of the transport system.