  We study conical square function estimates for Banach-valued functions, and
introduce a vector-valued analogue of the Coifman-Meyer-Stein tent spaces.
Following recent work of Auscher-McIntosh-Russ, the tent spaces in turn are
used to construct a scale of vector-valued Hardy spaces associated with a given
bisectorial operator (A) with certain off-diagonal bounds, such that (A) always
has a bounded (H^{\infty})-functional calculus on these spaces. This provides a
new way of proving functional calculus of (A) on the Bochner spaces
(L^p(\R^n;X)) by checking appropriate conical square function estimates, and
also a conical analogue of Bourgain's extension of the Littlewood-Paley theory
to the UMD-valued context. Even when (X=\C), our approach gives refined
(p)-dependent versions of known results.
