The rapid development of the digital music industry has brought challenges for music lovers and researchers. In response to these challenges, the field of Music Information Retrieval (MIR) emerged in the mid-1960s to capture the complicated and multi-layered nature of music. Among the various approaches explored, machine learning methods have shown promise in overcoming the complexity of this interdisciplinary field. This paper is primarily centered on conducting an in-depth review of the current state of research regarding the utilization of machine learning within the field of Music Information Retrieval (MIR). Additionally, it aims to forecast the potential future directions within the MIR industry. Upon extensive literature review, it becomes evident that various machine learning techniques, including Neural Networks (NN), Support Vector Machines (SVM), and K-nearest neighbors (KNN), have found common applicability in this field. Furthermore, this review highlights Convolutional Neural Networks (CNN) and Support Vector Machines (SVM) as potential algorithms poised to shape the future landscape of MIR. The findings of this paper serve to elucidate the direction in which MIR is progressing, offering valuable guidance for forthcoming research and development endeavors. In doing so, it contributes to the continued progress and maturation of the field MIR.