A terafic milestone, according to Google’s report,
[O]ur systems that process links on the web to find new content hit a milestone: 1 trillion (as in 1,000,000,000,000) unique URLs on the web at once!
How do we find all those pages? We start at a set of well-connected initial pages and follow each of their links to new pages. Then we follow the links on those new pages to even more pages and so on, until we have a huge list of links. In fact, we found even more than 1 trillion individual links, but not all of them lead to unique web pages. Many pages have multiple URLs with exactly the same content or URLs that are auto-generated copies of each other. Even after removing those exact duplicates, we saw a trillion unique URLs, and the number of individual web pages out there is growing by several billion pages per day.
So how many unique pages does the web really contain? We don’t know; we don’t have time to look at them all! 🙂 Strictly speaking, the number of pages out there is infinite — for example, web calendars may have a "next day" link, and we could follow that link forever, each time finding a "new" page. We’re not doing that, obviously, since there would be little benefit to you. But this example shows that the size of the web really depends on your definition of what’s a useful page, and there is no exact answer.
We don’t index every one of those trillion pages — many of them are similar to each other, or represent auto-generated content similar to the calendar example that isn’t very useful to searchers….