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Normally, the number of items will determine how long it will take to fully complete this process. The larger the number of files, the longer it will take. I have found some suggestions that might help.
You can reduce indexing locations in Control Panel > Indexing Options > Modify > untick all except Outlook.
Check if there is any message like Indexing speed is reduced due to user activity. If yes, consider turn off some using applications to improve performance.
If you have large PST file, you can compact them in File > Account Settings > Data Files > Settings > Choose compact now.
Enabled Exchange Cached mode and set the slider to all right to download all emails to your local. That would help with indexing process.
Please try and let me know if it works for you.
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