In this paper, the Quaternion-valued Hardy spaces and conjugate Hardyspaces on
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\begin{document}$$\mathbb{R}^{3} $$\end{document} are characterized. In analogy with the decomposition of square-integrable function space on the real line
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\begin{document}$$\mathbb{R}$$\end{document} into the direct sum of Hardy space and conjugate Hardy space, the square-integrable Quaternion -valued function space on
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\begin{document}$$\mathbb{R}^{3} $$\end{document} is decomposed into the orthogonal sum of the Quaternion Hardy and conjugate Hardy spaces.