Wireless technologies based on radio frequencies (RFs) have always dominated other types of wireless technologies up until now. However, the recent proliferation of media-rich smart devices has pushed the RF spectrum usage to its limit. Therefore RF band expansion towards the optical spectrum is imminent in commercial scale. Indeed, the research on wireless communications using the optical spectrum has gained tremendous ground during the past couple of decades and standardised, respectively, by infrared data association for infrared communication and IEEE 802.15.7 for visible light communication. However, only few shortcomings of the IEEE 802.15.7 standard have led to the development of a revised version, called IEEE 802.15.7r1. This article provides an insight on the activity of the proposed revision of IEEE 802.15.7r1. The proposed revision version targets communication systems that mainly use either image sensors or cameras, known as the optical camera communications (OCC). Leveraging the existing infrastructure, OCC systems will be able to provide ubiquitous coverage in both indoors and outdoors. The authors present their survey focusing on the key technology consideration in IEEE 802.15.7r1, current research status, impairments, enhancements and futuristic application scenarios of the OCC systems.