In this slideshow from the William Blair Growth Stock Conference, Qualcomm (Nasdaq: QCOM) discusses its bright future ahead of massive 3G adoption. Qualcomm has a significant patent portfolio for 3G-enabled phones, and it directly benefits as more 3G networks are built across the world. With each 3G phone built on Qualcomm's technology, the company collects large amounts of licensing revenue.

Between 2005 and 2009, the amount of 3G subscribers has increased more than fourfold. Better yet, the number of 3G subscribers is expected to almost triple by 2014. So, where's all the growth coming from? In the coming years, look to emerging markets. Between 2009 and 2014, Qualcomm expects 584% growth on Chinese smartphones that it can collect licensing revenue on. In India, the figure is greater than 200%, and Qualcomm expects 542% growth in the Latin American market.

Qualcomm's not without its risks, however. Its patent portfolio in next-generation 4G technology isn't as solidified. Also, it faces key rivals such as Texas Instruments (NYSE: TXN) and NVIDIA (Nasdaq: NVDA) in the processor market, where it expects significant growth in the coming years.

For more information, the full slideshow is presented below.