Bowyer went into the game at Molineux looking to make it four wins from four games in charge and that looked on the cards when Jordan Rhodes fired Rovers in front from the penalty spot midway through the first half.
To their credit Wolves, looking to impress their new manager Dean Saunders, showed equal determination to get back into the game, deserving their leveller sixteen minutes from time through defender Roger Johnson.
"I think it is a good point for the team," said Bowyer after the game. "I think that could prove to be a big point for us this season.
"I've said all along that it isn't about me, it is all about the players and you have seen tonight the battling qualities that they had.
"We were put under a lot of pressure from Wolves with balls pumped into the box but I felt we dealt with them admirably. You can't fault the lads for their effort and commitment tonight."
Bowyer's stint in charge ended with a record of three wins and a draw, but he played down the impact made by himself and his coaching staff of Terry McPhillips and Tony Grant, insisting that the players are the ones to deserve all the credit.
"The players are the ones who have contributed massively, they are the ones that have gone and done it tonight and over the last four games.
"We went in and we had to just look after the team until further notice and that is what we have done and the performances have been magnificent from the players."