Massive multiple-input multiple-output (MIMO) is still valid as an important system to increase performance of fifth generation (5G) and beyond wireless communication technologies. Spectrum efficiency (SE), high data rate and energy efficiency (EE) are among these performances. Recently, due to the increase in interconnected devices, the spread of internet of things (IoT) systems and the limited resources, various performance improvements have become inevitable. It is seen that there are various studies to realize such improvements with Massive MIMO. There are many researches especially for spectrum efficiency and energy efficiency. Because issue of energy and bandwidth problem are among the issues that need to be solved and developed first. In recent years, it is understood that power allocation algorithms have been focused on solving these two problems. In this study, researches on power allocation algorithms for MIMO systems are examined. The main points of the studies are emphasized. In addition, the comparison of three different power allocation algorithms, which will be among the basic power allocation algorithms, are carried out in terms of spectrum efficiency.