A SmartInsoles Cyber-Physical System (CPS) is designed and implemented for the purpose of measuring gait parameters of multiple users in a restriction-free environment. This CPS comprises a master software installed on a computer and numerous multi-sensory health devices in the form of smart insoles. Each of these insoles contains 12 Force-Sensitive Resistor (FSR) sensors, an Inertial Measurement Unit (IMU), a WiFi-enabled microcontroller and a battery to power all components. A validation pilot study was completed in collaboration with the Interdisciplinary School of Health Sciences at the University of Ottawa by performing 150 trials on 15 healthy subjects. Each subject performed 10 walks on the Tekscan Strideway gait mat system, while simultaneously wearing the designed SmartInsoles CPS. Spatiotemporal data for over 450 unique steps were collected by both systems. These data were analyzed carefully, and a thorough comparison was performed between the results from the two systems. Seven parameters were analyzed in this study: stride time, stance time, swing time, double support time, step time, cadence and gait time. Detailed results in the form of tables, scatterplots, histograms and Bland–Altman graphs were generated. Analysis of the results shows high agreement between the values of the two systems and suggests high accuracy of the implemented CPS as a multi-device, multi-sensory system for gait measurement and analysis.