For any Ritt operator acting on a noncommutative -space, we define
the notion of bounded functional calculus
where is a Stolz domain. Moreover, we introduce
the column square functions' $\norm{x}_{T,c,\alpha}=\Bnorm{\Big(\sum_{k=1}^{+\infty}k^{2\alpha-1}|T^{k-1}(I-T)^{\alpha}(x)|^2\Big)^{1/2}}_{L^p(M)}$ and the row square functions’
$\norm{x}{T,r,\alpha}=\Bnorm{\Big(\sum{k=1}^{+\infty}k^{2\alpha-1}
|\Big(T^{k-1}(I-T)^{\alpha}(x)\Big)^*|^2\Big)^{1/2}}{L^p(M)}\alpha>0x\in L^p(M)$. Then, we provide an example of Ritt operator
which admits a completely bounded functional calculus for
some such that the square functions
and are not equivalent.
Moreover, assuming and , we prove that if is
dense and admits a completely bounded functional
calculus for some then there exists a
positive constant such that for any , there exists $x_1, x_2
\in L^p(M)x=x_1+x_2\norm{x_1}{T,c,\alpha}+\norm{x_2}{T,r,\alpha}\leq C \norm{x}{L^p(M)}$.
Finally, we observe that this result applies to a suitable class of selfadjoint
Markov maps on noncommutative -spaces.

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