Yeah, all these sorts of “enterprise no code tools” things are for building what you might call “teamware”. They’re not general solutions for building public-facing, multi-user web apps.
They leverage web technologies of course, but they’re not for building “web apps” as we know them here.
That being said, enterprise no-code stuff is certainly useful for certain narrowly defined applications. (Like the approval workflow thing described in the Honeycode promo video. But does anyone really do that sort of thing with Bubble?)