In the domain of Music Information Retrieval (MIR), Automatic Music Transcription (AMT) emerges as a central challenge, aiming to convert audio signals into symbolic notations like musical notes or sheet music. This systematic review accentuates the pivotal role of AMT in music signal analysis, emphasizing its importance due to the intricate and overlapping spectral structure of musical harmonies. Through a thorough examination of existing machine learning techniques utilized in AMT, we explore the progress and constraints of current models and methodologies. Despite notable advancements, AMT systems have yet to match the accuracy of human experts, largely due to the complexities of musical harmonies and the need for nuanced interpretation. This review critically evaluates both fully automatic and semi-automatic AMT systems, emphasizing the importance of minimal user intervention and examining various methodologies proposed to date. By addressing the limitations of prior techniques and suggesting avenues for improvement, our objective is to steer future research towards fully automated AMT systems capable of accurately and efficiently translating intricate audio signals into precise symbolic representations. This study not only synthesizes the latest advancements but also lays out a road-map for overcoming existing challenges in AMT, providing valuable insights for researchers aiming to narrow the gap between current systems and human-level transcription accuracy.